Industry News

Mortgage Lenders Network files for bankruptcy protection

Subprime lender also faces action by state banking regulators
Published on Feb 6, 2007

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by CareyBot

Mortgage Lenders Network USA Inc., which closed down its wholesale lending division on Dec. 29 after losing access to financing, has filed for Chapter 11 bankruptcy protection. The company is seeking relief from creditors while it reorganizes, including Merrill Lynch ...