Industry News

NovaStar to cut 350 positions in wholesale loan originations

Subprime lender reports 'unacceptable' performance of 2006 loans
Published on Mar 19, 2007

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by CareyBot

Subprime lender NovaStar Financial Inc. will cut 17 percent of its workforce, laying off 350 workers at its Kansas City, Mo., headquarters, and at operations centers in California and Ohio. The job cuts, to be completed by the second quarter, ...