Menu
PacPremier
Magic Hour
Montecito
Loading...
You are here:  Home  >  'Countrywide'
Latest

Obituary: PennyMac founder Stanford Kurland

By   /  Monday, January 25th, 2021  /  Banking & Finance, East Ventura County, Latest news, Real Estate, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Obituary: PennyMac founder Stanford Kurland

EDITOR’S NOTE: This article was updated Jan. 27 to include the fact that Kurland died of complications from COVID-19. Stanford Kurland made a fortune from his first foray into mortgage banking, and his timely exit from Countrywide Financial came just before the housing bubble burst. His second foray made him even richer, but it also Read More →

Read More →
Latest

PennyMac Financial Services misses analysts’ first-quarter profit estimates

By   /  Friday, May 5th, 2017  /  Earnings, Latest news, Real Estate, Tri-County Public Companies  /  Comments Off on PennyMac Financial Services misses analysts’ first-quarter profit estimates

Westlake Village-based PennyMac Financial Services reported first-quarter profit of $10.9 million or 47 cents per share on May 5. The results were lower than Wall Street expectations, which analysts surveyed by Zacks Investment Research had put at 63 cents per share. PennyMac Financial Services reported $62 million in pretax income for the first quarter of Read More →

Read More →
Latest

PennyMac Financial beats analyst estimates for second quarter

By   /  Thursday, August 4th, 2016  /  Banking & Finance, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on PennyMac Financial beats analyst estimates for second quarter

Westlake Village-based PennyMac Financial Services reported a net income of $74.3 million for the second quarter of 2016 on revenue of $207.8 million, exceeding analyst projection on earnings per share and revenue. PennyMac Financial, which was founded by former Countrywide Financial Services executives after that company was acquired by Bank of America, reported earnings of Read More →

Read More →
Latest

PennyMac beats profit expectations but misses on revenue

By   /  Wednesday, February 3rd, 2016  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on PennyMac beats profit expectations but misses on revenue

Moorpark-based PennyMac Financial Services reported a $68.9 million profit on revenue of $187.2 million for the fourth quarter, beating Wall Street expectations on profit but missing on revenue. PennyMac Financial, which was founded by former Countrywide Financial Services executives after that company was acquired by Bank of America, reported a profit 58 cents per share Read More →

Read More →
Latest

Dubroff: Mozilo is in denial, government grabs for cash and we pay the bill

By   /  Friday, September 5th, 2014  /  Op/Eds, Opinion  /  1 Comment

Henry Dubroff

An unrepentant Angelo Mozilo remains a key figure at the center of the housing collapse and financial crisis. Interviewed by Bloomberg News from his home in Montecito in early September, the former Countrywide Financial Corp. Chairman said he had no regrets about the wild ride that transformed the Calabasas firm from a small mortgage company Read More →

Read More →
Latest

Profits rise at PennyMac firms

By   /  Wednesday, August 6th, 2014  /  Earnings, East Ventura County, Latest news, Real Estate, Tri-County Public Companies  /  Comments Off on Profits rise at PennyMac firms

Moorpark-based PennyMac Financial Services said profits rose to $51.4 million on revenue of $130.4 million for the second quarter, beating Wall Street expectations for both measures.

Read More →
Latest

Editorial: Large employers loosen grip on Ventura County

By   /  Friday, August 1st, 2014  /  Editorials, Opinion  /  Comments Off on Editorial: Large employers loosen grip on Ventura County

Half-a-dozen years ago, East Ventura County’s economy was heavily dependent on two very large employers: subprime lending giant Countrywide Financial Corp. and biotech behemoth Amgen.

Read More →