PennyMac Financial Services

PennyMac Financial Services Cuts Another 32 Jobs In California

PennyMac Financial Services Has Cut Nearly 500 Jobs Since March Mortgage lender Pennymac Financial Services has laid off an additional 32 employees in July. PennyMac has laid off a  total of 475 employees since March 1st.  This is the California-based company’s third round of layoffs this year, as Pennymac had a workforce reduction of 236 employees […]

frat boy

Frat Boy Busted Running Fake Hedge Fund Out Of Frat House

SEC Plays Dean Wormer To UG Frat Boy Accused Of Running Fraudulent Hedge Fund Out Of Frat House The SEC is accusing former UG frat boy Syed Arbab of allegedly running a fake hedge fund out of a frat house. SEC investigators say Arbab untruthfully portrayed himself as a University of Georgia graduate who was […]

bankrate

Former Bankrate CFO Gets 10 Years In The Slammer

Former Bankrate CFO Gets 10 Years In The Slammer For Cooking The Books To The Tune Of $25 Million Former Bankrate CFO Edward DiMaria is going to prison for 10 years. The former Bankrate CFO pleaded guilty to orchestrating a fraud scheme that caused more than $25 million in shareholder losses. Bankrate is a publisher and news aggregator […]

citigroup

Citigroup Slapped with $8.6 Million Fine From Federal Reserve

Citigroup Fined $8.6 Million By Federal Reserve For Robo-Signing Related Issues The Federal Reserve leveled an $8.6 million fine against CitiGroup on Friday. The Federal Reserve stated the fine was due to the “deficient execution and notarization of certain mortgage affidavits. The issue stems from Citigroup’s exit from the mortgage servicing business back in 2017. The […]

Frank Rosemberg

Is A Detroit Law Firm Bilking Deutsche Bank Bondholders?

Detroit Law Firm Hertz Schram May Be Bilking Deutsche Bank Bondholders In A Foreclosure Battle With A U.S. Marine With Cancer Deutsche Bank and Deutsche Bank bondholders may not be responsible for a nine-year modification/foreclosure fight. Deutsche Bank has been trying to foreclose on a Marine Corps veteran with cancer who clearly qualifies for a […]

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