PFSI INVESTIGATION: PennyMac Securities Fraud Investigation
Bleichmar Fonti & Auld LLP has launched an investigation into PennyMac Financial Services, Inc. (NYSE:PFSI) for potential securities fraud. The investigation focuses on whether PennyMac misrepresented its ability to "recapture" customers seeking to refinance mortgages as interest rates declined. PennyMac's stock dropped over 37% …