UPDATE 1-NovaStar scraps dividend, REIT status; shares sink

Story date: 2007-09-17 01:54:00
Added on: 2007-09-17 18:00:19

Reuters - Dozens of mortgage lenders have quit the industry this year, including more than a dozen that have gone bankrupt. NovaStar has this year announced plans to eliminate 71 percent of its work force, leaving it with about 600 employees. On Sept. 4, it ...


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