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Former Subprime Lender NovaStar Files for Bankruptcy
Friday, July 29, 2016 18:24
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Former Subprime Lender NovaStar Files for Bankruptcy Before the 2008 financial crisis, Novation—then known as NovaStar—originated, purchased, sold, invested in, securitized and sold subprime mortgage loans and mortgage securities. At its peak, court papers say NovaStar originated more than $11 billion in mortgage loans a year, which it then bundled together into securities that it … Read more
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Source: http://4closurefraud.org/2016/07/29/former-subprime-lender-novastar-files-for-bankruptcy/
