(Reuters) - Defaults in the subprime lending market, which focuses on less creditworthy borrowers, have surged this year. About 50 subprime lenders to close.
GE told employees that it intended to sell Burbank, California-based WMC, bought in 2004, in a memo on Thursday.
Read more at Reuters.com Bonds News
GE told employees that it intended to sell Burbank, California-based WMC, bought in 2004, in a memo on Thursday.
Read more at Reuters.com Bonds News
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