Private National Mortgage Acceptance Company, LLC (PennyMac) is a financial services firm created to address the dislocations in the U.S. mortgage market. Our focus is investing in and servicing 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 Calabasas, California. PennyMac’s strategic partners are BlackRock and Highfields Capital Management.

PennyMac is bringing to the market fresh capital from long-term investors, as one step in addressing the U.S. mortgage crisis.

We are acquiring loans from financial institutions seeking to reduce their mortgage exposures. PennyMac will create value for both borrowers and investors through our distinctive approach to loan servicing. 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 will support an environment of the highest standards, fostering ethical personal and business practices.