PennyMac Laundromat: Is anything real there?

7 Comments / burden of persuasion, burden of pleading, BURDEN OF PROOF, discovery, Discovery -Subpoena, evidence, foreclosure, foreclosure defenses, Pleading, Presumptions, prima facie case, sham transactions, standing / By

PennyMac appears to be a vehicle of “cleaning” fatal title deficiencies to the debt, note and/or mortgage on loans. It operates on behalf of CitiMortgage and multiple other entities on loans where the selection of a claimant is essentially random. The basic playbook of the banks is to insert a real business entity with no …

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