(Reuters) - BOSTON, July 3 - General Electric Co.'s
subprime lending arm WMC Mortgage sold about $3 billion in
nonprime loans in the second quarter, lowering the volume of
loans on its books to about $1.5 billion, a company spokesman
said on Tuesday.
The loans sold included a mix of first and second liens,
said GE Money spokesman Michael Ettlemyer.
Read more at Reuters.com Bonds News
subprime lending arm WMC Mortgage sold about $3 billion in
nonprime loans in the second quarter, lowering the volume of
loans on its books to about $1.5 billion, a company spokesman
said on Tuesday.
The loans sold included a mix of first and second liens,
said GE Money spokesman Michael Ettlemyer.
Read more at Reuters.com Bonds News
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