U.S. mortgage firm NovaStar Financial cuts 37 per cent of staff: 500 ...

Story date: 2007-08-19 02:59:00
Added on: 2007-08-19 14:57:06

Worldnews.com - KANSAS CITY, Mo. (AP) - Mortgage lender NovaStar Financial Inc. said Friday it is cutting 500 jobs , or 37 per cent of its workforce as it stops selling home loans through brokers. The company said it will begin the cutbacks immediately and complete ...


Read more...

Related Stories:

• Subprime lender NovaStar warns of bankruptcy

  Globe and Mail - ... Financial Inc. shares fell as much as 59 per cent Thursday after the troubled subprime mortgage...
  2007-11-15 10:11:00

• Subprime lender NovaStar firing 37% of staff

  USA Today - NEW YORK — NovaStar Financial (NFI) , a subprime mortgage lender, said Friday it will fire about 500 employees,...
  2007-08-17 05:13:00

• Lender pushes NovaStar closer to bankruptcy - Kansas City Star

  NovaStar Financial Inc. on Thursday drew closer to bankruptcy after a lender accelerated its loan and declared $51 million in obligations immediately...
  2008-06-04 05:56:00

• Credit Notebook: Novastar Cuts

  Wall Street Journal - Trouble for NovaStar: Struggling mortgage lender NovaStar Financial Inc. announced further job cuts and tighter lending ... SEC...
  2007-09-04 08:48:00

• NovaStar Gets Extension From Lenders (AP via Yahoo! Finance)

  Mortgage lender NovaStar Financial Inc. said Wednesday one of its lenders had given it a brief reprieve from financial requirements that...
  2007-12-05 04:03:30

• The Closing Bell: NovaStar gains on mortgage freeze plan

  Kansas City Star - NovaStar Financial Inc. and the major indexes jumped as Wall Street reacted to a plan to freeze some...
  2007-12-06 01:36:00

• Subprime lender NovaStar firing 37 percent of staff (Reuters via Yahoo! News)

  NovaStar Financial Inc , a subprime mortgage lender, said on Friday it will fire about 500 employees, or 37 percent of...
  2007-08-17 10:13:16

• NovaStar Financial Reports Loss for 2007 (AP via Yahoo! Finance)

  Mortgage lender NovaStar Financial Inc. lost $733.1 million in 2007 and may not generate enough revenue in coming months to keep...
  2008-04-01 02:06:47