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Lehman Brothers Shuts Down BNC Mortgage Cutting 1200 Jobs

One day after Greenpoint Mortgage shuts its doors the casualties continue to mount. Lehman Brothers announced today that it will be shutting down its subprime mortgage lending unit, BNC Mortgage LLC. BNC was one of the top 20 subprime producers in 2006, originating over $14 Billion in loans. "Lehman...

Posted to MND NewsWire (Weblog) by Glenn Setzer on Wed, Aug 22 2007

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