10/05/2012
Wall Street and consumer advocates, surprisingly, roll out the welcome mat.
PennyMac CEO Stanford Kurland, who spent most of career at Countrywide, is recreating his old firm.
FORTUNE –The Federal Reserve’s recent decision to buy mortgage bonds until the economy recovers has made home lending more attractive than it has been in years. The spread between what it costs to fund a mortgage loan and what borrowers actually pay is nearly three times as large as usual.
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