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PennyMac prices IPO at $17 to $19

By   /  Tuesday, April 30th, 2013  /  Banking & Finance, Banking Industry, Latest news, Personal Finance  /  Comments Off on PennyMac prices IPO at $17 to $19

Moorpark-based PennyMac Financial Services has priced its initial public offering of stock at $17 to $19 per share, indicating plans to raise as much as $211.1 million in its launch on the New York Stock Exchange. PennyMac, headed by former Countrywide Financial Corp. President Stanford Kurland, employs more than 600 people in Moorpark and more Read More →

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PennyMac jobs top 600 as firm files for IPO

By   /  Friday, February 15th, 2013  /  Banking & Finance, Banking Industry, Top Stories, Tri-County Public Companies  /  Comments Off on PennyMac jobs top 600 as firm files for IPO

Moorpark-based PennyMac Financial Services has filed papers for a $287.5 million initial public offering on the New York Stock Exchange. The venture was founded in 2008 by Stanford Kurland, the former No. 2 executive at Countrywide Financial Corp., the defunct subprime mortgage lender at the heart of the financial crisis. Moorpark Community Development Director David Read More →

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Moorpark mortgage firm files for $287.5M IPO

By   /  Monday, February 11th, 2013  /  Banking & Finance, Latest news  /  Comments Off on Moorpark mortgage firm files for $287.5M IPO

Moorpark-based financial services company PennyMac has filed papers for a $287.5 million initial public offering of its stock on the New York Stock Exchange. The venture was founded in 2008 by a former top executive at Countrywide Financial Corp., the defunct subprime mortgage lender at the heart of the financial crisis. In July 2011, PennyMac Read More →

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Big deals at Moorpark complex point to small-business recovery

By   /  Friday, January 11th, 2013  /  Columns, Real Estate  /  Comments Off on Big deals at Moorpark complex point to small-business recovery

The combined value of the three deals was $4.3 million.

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County moves forward on $43M Moorpark desalinization plant

By   /  Sunday, March 18th, 2012  /  Agribusiness, Latest news  /  Comments Off on County moves forward on $43M Moorpark desalinization plant

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PennyMac mints new HQ in Moorpark

By   /  Friday, July 8th, 2011  /  Banking & Finance, Banking Industry, Real Estate, Top Stories, Tri-County Economy  /  Comments Off on PennyMac mints new HQ in Moorpark

A new venture led by a former top executive of Countrywide Financial Corp. is moving to Moorpark.

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Smaller firms win in defense makeover

By   /  Friday, May 6th, 2011  /  Top Stories, Tri-County Economy  /  Comments Off on Smaller firms win in defense makeover

The defense industry in the Tri-Counties is headed for its biggest shakeup in decades. Longtime players are cutting jobs while younger firms see growth as the Pentagon draws down its two foreign wars and focuses on strategic threats. Raytheon, a major Goleta employer, confirmed layoffs that will affect about 160 of its jobs in Goleta. Read More →

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