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mortgage loom. foreclosure in the secondaty market

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Mortgage and Lending with kandola mortgage services

 

Another large subprime lender has ceased funding loans: Mortgage Lenders Network USA. Based in Connecticut,

with over 1,500 employees, the company is rumored to have run into trouble due to "pricing issues" and is the

third largest subprime lender to have negative press recently. It is certainly an interesting time to watch the

mortgage employment picture, as some companies continue to release employees into the job pool whereas

others continue to expand. (RMIC, for example, is looking for a representative for Northern California - let me

 know if you'd like a contact person.)

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