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CIT agrees to sell home lending business (Banking Business Review) |
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Written by Richard Grigg Jr.
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Friday, 04 July 2008 |
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More info...
CIT Group, a commercial finance company, has agreed to sell its home lending business, consisting of $9.3 billion in assets and related servicing operations, to Lone Star Funds for $1.5 billion in cash and the assumption of $4.4 billion of outstanding debt and other related liabilities.
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Last Updated ( Friday, 04 July 2008 )
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