PennyMac 'Shocked' Investors With Post-Libor Fix, Suit Says

By Jon Hill · June 17, 2024, 9:03 PM EDT

PennyMac's mortgage investment arm has been hit in California federal court with a proposed class action accusing it of using last year's discontinuation of Libor to unfairly and unlawfully lock in...

To view the full article, register now.

Try a seven day FREE Trial

Already a subscriber? Click here to login

Documents

Complaint

Case Information

Case Title

Roberto Verthelyi v. PennyMac Mortgage Investment Trust et al

Case Number

Court

California Central

Nature of Suit

Stockholders Suits

Date Filed

June 14, 2024

Recent Articles By Jon

June 04, 2024
CFPB Cautions Firms Against Contractual 'Fine Print Tactic'
May 30, 2024
CFPB To Probe 'Junk Fees' In Mortgage Closing Costs
May 30, 2024
High Court Calls For 2nd Circ. Redo In BofA Preemption Fight
April 30, 2024
2nd Circ. Revives Commerzbank RMBS Suit Against US Bank
April 03, 2024
US Bank Beats $100M Suit Over Role As CDO Trustee
April 01, 2024
Texas Judge Halts New Community Lending Rules For Banks
March 22, 2024
Feds Delay Community Lending Assessment Change To 2026
March 07, 2024
Fed Working To Beef Up Supervision 'Rulebook,' Powell Says
February 28, 2024
CFPB, FTC Urge 11th Circ. To Rule Against 'Pay-To-Pay' Fees
February 27, 2024
Justices Skeptical Of Workability In BofA Preemption Fight