Company description "PennyMac"
Private National Mortgage Acceptance Company, LLC (PNMAC) is a specialty asset management firm created to address the dislocations in the U.S. mortgage market. Through our licensed and registered subsidiaries, our focus is acquiring and managing residential mortgage assets on behalf of private investors.Our company is managed by a team of mortgage industry veterans led by Stanford L. Kurland, and is based in Moorpark, California. PNMAC’s strategic partners are BlackRock and Highfields Capital.PNMAC is bringing to the market fresh capital from long-term investors, as one step in addressing the U.S. mortgage crisis.Through our licensed and registered subsidiaries, we acquire loans from financial institutions seeking to reduce their mortgage exposures. PNMAC creates value for both borrowers and investors through our distinctive approach to asset management. Our strategy is to keep borrowers in their homes by avoiding foreclosures through programs that address both their ability and willingness to pay their mortgages.Our core guiding principle is to create value for investors and consumers while preserving home ownership. We support an environment of the highest standards, fostering ethical personal and business practices.
Private National Mortgage Acceptance Company 6101 Condor Drive, Moorpark, CA 93021 Telephone: (818) 224-7442
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