Cooperman Buys 22% Of PennyMac, Paulson & Bass Add Dex Media

Leon Cooperman's Omega Advisors has taken a stake in the recently made-public PennyMac Financial Services Inc (NYSE:PFSI). According to a 13D, Cooperman has an active stake of 21.6 percent in the mortgage company. In response to Cooperman's disclosure, PennyMac rose over 9 percent. PennyMac Financial Services Inc (NYSE:PFSI) was founded by Countrywide Financial Corp's former President, Stanford L. Kurland in 2008. The company provides financial services in the mortgage platform.

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