Mortgage Servicing Fraud
occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible Notes to take a homeowner's property and equity.
Articles |The FORUM |Law Library |Videos | Fraudsters & Co. |File Complaints |How they STEAL |Search MSFraud |Contact Us
Big Mac

Strategic Partners

PennyMac is supported by two leading financial institutions that serve as strategic partners, enhance PennyMac's relationships with global financial institutions and provide valuable input in ''structuring'' PennyMac's activities.

Blackrock

Founded in 1988, BlackRock is one of the world's largest publicly traded investment management firms and manages assets on behalf of institutions and individuals worldwide through a variety of equity, fixed income, cash management and alternative investment products. In addition, a growing number of institutional investors use BlackRock Solutions investment system, risk management and financial advisory services.

BlackRock is a leading advisor to financial institutions with mortgage businesses, having advised clients on valuing, managing and assessing strategic options for distressed mortgage portfolios and  working closely with 5 of the top 10 U.S. mortgage servicers. In the field of mortgage-backed securities, they pioneered the structured securities markets including Collateralized Mortgage Obligations and Asset Backed Securities. BlackRock values and analyzes more than $1 trillion in mortgages on a daily basis.

BlackRock is independent in ownership and governance, with no single majority stockholder and a majority of independent directors. Headquartered in New York City, as of June 30, 2008 the firm has approximately 1.428 trillion in Assets Under Management with 5,700 employees in 19 countries and a major presence in key global markets, including the U.S., Europe, Asia, Australia and the Middle East.

Highfields

About Highfields Capital

Highfields Capital, founded in 1998, is a value-oriented investment firm focused on achieving long-term capital appreciation by investing in public and private companies. It invests its capital worldwide, across a wide variety of industries, security types and geographies and has made substantial investments in mortgage and real estate securities. For further information, see http://www.highfieldscapital.com.

Highfields' investors are predominately world-renowned university and college endowments, charitable and philanthropic foundations and other institutional and private investors. Over 95% of Highfields' original investors continue to be investors in the Highfields funds today.

Their investments typically reflect long-term holdings in companies with sound business models and capable and motivated management teams. Recent non-public financial services investments by Highfields and its principals include HighVista Strategies, Cyrus Re, Symetra Financial and Capital Source, Inc. Highfields is headquartered in Boston, Massachusetts.

PennyMac
Quote 0 0
Big Mac

Private National Mortgage Acceptance Company, LLC

Private National Mortgage Acceptance Company, LLC (PNMAC) is a specialty asset management firm created to address the dislocations in the U.S. mortgage market. Through our licensed and registered subsidiaries, our focus is acquiring and managing residential mortgage assets on behalf of private investors.

Our company is managed by a team of mortgage industry veterans led by Stanford L. Kurland, and is based in Calabasas, California. PNMAC’s strategic partners are BlackRock and Highfields Capital.

PNMAC is bringing to the market fresh capital from long-term investors, as one step in addressing the U.S. mortgage crisis.

Through our licensed and registered subsidiaries, we acquire loans from financial institutions seeking to reduce their mortgage exposures. PNMAC creates value for both borrowers and investors through our distinctive approach to asset management. Our strategy is to keep borrowers in their homes by avoiding foreclosures through  programs that address both their ability and willingness to pay their mortgages.

 Our core guiding principle is to create value for investors and consumers while preserving home ownership. We support an environment of the highest standards, fostering ethical personal and business practices.
 
 

 
I would like to see a copy of this, strategy plan they have.

 

Quote 0 0
Penny Mac Exposed
Pennymac vid
Quote 0 0
Write a reply...