More info...
NEW YORK - Commercial finance firm CIT Group says it will sell its home lending business to Lone Star Funds for $1.5 billion in cash plus $4.4 billion of assumed debt.

Online Home Business

CIT Agrees to Sell Home Lending Business (Business Wire via Yahoo! Finance)
NEW YORK----CIT Group Inc. , a leading global commercial finance company, announced today that it 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.

Home Based Business Connection Offers Networking Tips (Leesburg Today)
Some 40 Loudoun County Chamber of Commerce members attended the Home Based Business Connection event Monday at the Comfort Suites in Leesburg.

Share Your Opinion. (0 posts)

Tag it: