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Moorpark mints new public company: PennyMac workforce in city reaches 1,000

By   /  Friday, May 17th, 2013  /  Banking & Finance, Banking Industry, Features, Personal Finance, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Moorpark mints new public company: PennyMac workforce in city reaches 1,000

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PennyMac shares jump 2.6% on second day of trading

By   /  Friday, May 10th, 2013  /  Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies  /  Comments Off on PennyMac shares jump 2.6% on second day of trading

Shares of PennyMac Financial Services climbed another 2.6 percent the day after they started trading publicly for the first time. The Moorpark-based company, founded in 2008 by former top executives at Countrywide Financial Corp., raised just over $200 million in its initial public offering of stock after opening with a share price of $18.25 on Read More →

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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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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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