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Barclays, New Century reach loans deal  New Century Financial Corp. said Thursday it had reached a deal with Barclays Bank PLC that would effectively release the troubled subprime mortgage lender from having to buy back about


Popeye Collectibles Can Bring High Prices Today  read more...


Home sales stay high; confidence dips  Sales of previously owned homes held steady in September at the second-highest level on record as demand was bolstered by people buying homes after Hurricane Katrina, a real estate trade


Immigrants in state expcted to send $300M home to Latin America  More than $300 million is expected to be sent by Latin American immigrants in Connecticut to families in their homelands, according to a new report.Commentread more...


Ahead of the Bell: Mortgage Lending (AP via Yahoo! Finance)   Senators will scrutinize home lending practices Tuesday when they convene a hearing on how to protect consumers from mortgage abuses.read more...


Man sentenced to 30 years  A Mount Laurel man was sentenced to 30 years in prison yesterday for using drug profits to purchase dilapidated homes in Camden later sold to unwitting buyers using fraudulently obtained

April 24th, 2007

Mortgage Lenders Wants to Sell Asset (AP via Yahoo! Finance)

Facing the shutdown of its loan servicing operations at the end of the month, subprime lender Mortgage Lenders Network USA Inc. is searching for a buyer for a “turn-key” loan servicing platform that can service 187,500 mortgages.

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