November 20, 2023
You are here:  Home  >  Banking & Finance  >  Current Article

PennyMac lays off workers as mortgage boom fades


A home in Santa Barbara that recently sold. Interest rates are rising, which is pushing down demand for mortgages. PennyMac, a Westlake Village-based mortgage company, plans to lay off 236 employees in California. (Brooke Holland photo) More than 150 people in Ventura and Los Angeles counties are losing their jobs at the mortgage lender PennyMac…


    This article is only available to Business Times subscribers
  • Subscribers: or REGISTER for complete digital access.
  • Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists.
  • Check the STATUS of your Subscription Account.