Fremont General said today that it agreed to sell its commercial real estate loan business to iStar Financial for $1.9 billion. The company also agreed to sell a minority stake in the entire company for $80 million to an investor group led by Gerald Ford,...
Mike Stathis submits: On Friday, IndyMac IMB joined the long and growing list of bankrupt mortgage companies (Accredited Home Lenders, Novastar Financial, Fremont General and dozens of others) that have been taken down by what has already surpassed mortgage and bank losses of the Savings & Loan Crisis. While...
