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Home » Store » News » First NLC Will File for Bankruptcy, NovaStar Steps Closer to the Precipice

First NLC Will File for Bankruptcy, NovaStar Steps Closer to the Precipice

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One subprime lender threw in the towel last week and another crept closer to the precipice. Friedman, Billings, Ramsey’s subprime originator said it will file for bankruptcy after the sale of First NLC to buyout firm Sun Capital Partners fell through. Sun had...
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