Loan Think

What We're Hearing

Published May 29, 2009, 5:00 a.m. EDT

1 Min Read

There are many interesting revelations in the new PennyMac IPO filing, including its warnings that it has no repurchase agreements or bank credit facilities in place "and there can be no assurance that we will be able to obtain one." Actually, to some it may read like the usual standard warnings stuff for a young company but Stanford Kurland's company notes that the Federal Deposit Insurance Corporation is holding about $3 billion in residential loans from failed banks. For the full editorial analysis of the PennyMac IPO see the "Inside Take" column in Monday's National Mortgage Newsâ¦

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