Lehman Brothers Shuts Down BNC Mortgage

[fused]

Here we go, another sub-prime mortgage lender bites the dust. Sadly, I have a relative who was employed by them. Here's the story:

http://www.marketwatch.com/news/story/lehman-shuts-subprime-lending-unit-eliminating/story.aspx?guid...

Oh but wait there's more...employees screaming fraud by BNC:

http://www.realestatejournal.com/buysell/mortgages/20070628-hudson.html

Message Edited by fused111 on 08-22-2007 03:12 PM

Message Edited by fused111 on 08-22-2007 03:20 PM