Blank Rome secured a total defense victory for PennyMac following a jury trial in Orange County, CA Superior Court.
PennyMac Corp. engages in the acquisition of newly originated the U.S. residential mortgage loans from small banks and independent originators. The company offers conforming products; government loan products, including Federal Housing Administration (FHA), FHA streamline refinance, Veterans Administration (VA), VA interest rate reduction refinance, FHA 203(k), USDA rural housing, and rural streamlined-assist products; and non-agency products, which include Jumbo and LTV Plus loans.
The company, led by Stanford L. Kurland and David A. Spector is based in Moorpark (CA).
Blank Rome advised with a team including Howard M. Knee (Picture), Cheryl S. Chang, Jessica A. McElroy and Wayne Streibich
Law Firms: Blank Rome LLP;
Clients: PennyMac Financial Services, Inc.;