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Home » Store » News » GE Unit Makes Bid for Online Subprime Lender WMC

GE Unit Makes Bid for Online Subprime Lender WMC

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GE Consumer Finance, the consumer lending unit of General Electric Co., plans to acquire WMC Finance Co., an online wholesaler that offers fast approval and closing times through its network of 10,000 brokers using its Internet origination platform, WMCDirect. The move marks GE’s return to the mortgage origination business that it gave up four years ago.
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