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PennyMac was the third largest mortgage lender, the sixth largest mortgage servicer, and largest aggregator of residential mortgage loans in the U.S. in 2019. [2] The company conducts its business through a consumer-direct model, which relies on the Internet and call center-based staff to acquire and interact with customers across the country.
WMC Mortgage (also known as WMC Direct), was an American mortgage company based in Woodland Hills, California that focused on wholesale originator of subprime residential mortgages. It went into bankruptcy in 2007.
Sierra Pacific Industries (SPI) is the second-largest lumber producer in the United States. [1] A privately held company, it was co-founded in 1949 by R. H. Emmerson and his son, A. A. "Red" Emmerson , the long-term CEO, and A. A. Emmerson's sons George and Mark are now president and CEO.
Ditech Financial LLC (rebranded from “ditech Mortgage” and "Green Tree Servicing" in 2015) was a provider of home loan, loan servicing and refinance products to consumers and institutional partners in the U.S. [1]
A company veteran, he joined Home Savings as a loan agent in 1960 and was elected CEO of the subsidiary in 1967. Under Deihl's leadership, Ahmanson company avoided the high returns from junk bonds during the mid-1980s, preferring to rely on the safer 1% to 1.5% earnings garnered from a home loan. It was a prescient decision.
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The bank's origins can be traced to the Railway Mutual Building and Loan Association; formed on October 20, 1926, to serve employees of the Pacific Electric Railway, the light rail transit system ("red cars") that served Los Angeles and surrounding areas. The fledgling institution operated with a staff of three persons; assets at the end of the ...
Sierra Pacific may refer to: Sierra Pacific Airlines, an airline based in Tucson, Arizona; Sierra Pacific Industries, a forest products company based in California; Sierra Pacific Synod, a council of the Evangelical Lutheran Church in America covering parts of California and Nevada; Sierra Pacific Power Company, a Nevada-based public utility ...
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