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pennymac loan modification

PennyMac Saviors/Vultures Nothing More Than Ex-Countrywide Predators?

by Moe Bedard

“Not only are former Countrywide execs back in business, but they are making money off of the current housing crisis, they helped create. All this makes me wonder if Countrywide’s business model was just a sick massive mortgage ponzi scheme that makes ponzi-poster child, Bernie Madoff look like .25 cent lollipop bandit and Stanford Kurland [...]

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