Lehman shuts BNC Mortgage unit, cuts 1,200 jobs

Story date: 2007-08-22 08:42:00
Added on: 2007-08-22 22:35:05

Marketwatch - BNC was a top-20 subprime mortgage lender in 2006, originating more than $14 billion worth of home loans, according to industry publication Inside B&C Lending.


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