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Capital Six Funding – subprime and hard money lender suspended operations. Liberty American Mortgage – halted wholesale lending LibertyBank – shut by FDIC Liberty Home Lending – ceased wholesale lending. Polk County Bank – shut by FDIC
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A hard money loan is a specific type of asset-based loan financing through which a borrower receives funds secured by the value of a parcel of real estate and are typically issued by private investors or companies. Most hard money loans are used for projects lasting from a few months to a few years.
Allendale County Bank – shut down by FDIC Alliance.. Bank of America – cut 152 jobs in Sunrise, FL Bank of.. Capital Six Funding – subprime and hard money lender suspended operations. genworth Financial – acquired Liberty Reverse Mortgage. Haven Trust Bank Florida – shut by FDIC
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