PennyMac Funds Buy Mortgage Portfolio From FDIC

"Private National Mortgage Acceptance Company, LLC — that’s PennyMac to you and I — said Wednesday morning that investment funds managed by its affiliate, PNMAC Capital Management, LLC, had recently completed the purchase of $558 million in residential mortgage loans from the Federal Deposit Insurance Corporation. The loans were formerly held by the First National Bank of Nevada, closed by the Office of the Comptroller of the Currency in July; the FDIC was named receiver."