PennyMac, Run by Ex-Countrywide Execs, Prices IPO
PennyMac Mortgage Investment Trust, which buys distressed home loans and is run by several former Countrywide Financial executives, on Wednesday raised $320 million from an initial public offering, $80 million less than planned.
PennyMac Mortgage Investment Trust, which buys distressed home loans and is run by several former Countrywide Financial executives, on Wednesday raised $320 million from an initial public offering, $80 million less than planned.
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