Fremont Sells Most of its Loans, Origination and Servicing Platforms; New Century Sale Questioned
April 19, 2007
Fremont Investment and Loan this week announced that it will sell $2.9 billion in subprime loans, as well as its subprime lending business, to an undisclosed buyer, in a market where exit strategies appear to be getting harder to come by. Other major subprime...