Subprime lender NovaStar firing 37 percent of staff (Washington Post)
Story date: 2007-08-17 06:07:19
Added on: 2007-08-18 19:57:34
NEW YORK (Reuters) - NovaStar Financial Inc , a subprime mortgage lender, said on Friday it will fire about 500 employees, or 37 percent of its work force, as it reduces home loans, given tough capital markets conditions.
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