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Home » Store » News » Wall Street Run of Subprime Expansion Continues With Bear Stearns’ Purchase of ECC Wholesale Unit

Wall Street Run of Subprime Expansion Continues With Bear Stearns’ Purchase of ECC Wholesale Unit

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Wall Street’s foray into the subprime origination market continued in earnest this week as Bear Stearns announced plans to purchase the wholesale origination unit of ECC Capital Corp., a beleaguered California-based real estate investment trust. “The acquisition of ECC Capital’s origination unit will...
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