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Home » Store » News » Parent of $1.5 Billion-a-Year Shop Gets Delisted From NYSE, But the Lender Says All is Well

Parent of $1.5 Billion-a-Year Shop Gets Delisted From NYSE, But the Lender Says All is Well

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The J.G. Wentworth Company is in the process of being delisted from the New York Stock Exchange, sparking rumors that its mortgage subsidiary – a $1.5 billion-a-year originator – might find itself on the auction block. For now, the parent company is putting a good face on the delisting and said its mortgage division, J.G. Wentworth Home Lending, had a strong first quarter. A spokeswoman for the parent did not address a possible sale of the lender in an email exchange with Inside Mortgage Finance. In the first quarter of 2016, J.G. Wentworth lost...
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