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PennyMac Cutting 207 Jobs

California-based PennyMac Financial Services Inc., a mortgage originator and servicer, will cut 207 jobs in the Golden State. According to Worker Adjustment and Retraining Notification (WARN) notices submitted to California’s Employment Development Department, 59 loan officers will be cut. The notices, mostly written on April 28th and reviewed by National Mortgage Professional, show that the loan officers losing their jobs work in the Westlake Village, Roseville, and Pasadena offices. ....

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