Ex-Countrywide chief to start ‘PennyMac’
BlackRock and Highfields Capital are teaming up to sponsor a new company that will capitalize on distressed mortgage markets.
Seeking to capitalize on the distressed mortgage markets, money management firms BlackRock Inc. and Highfields Capital Management are teaming up to sponsor a new company being created by the former chief of Countrywide Financial Corp.
The company will be called Private National Mortgage Acceptance
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