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Ex-Countrywide Chief Forms Mortgage Buyout Firm

by Chris Arnold, NPR
March 25, 2008

The former head of troubled mortgage lender Countrywide hopes to cash in on the mortgage crisis with a new venture. Stanford Kurland is heading up a company called PennyMac, which buys and restructures distressed mortgages.

Broadcast Dates

  • Morning Edition, March 25, 2008
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