Wednesday, May 9, 2007

Dana Capital Update

As a follow up to the April 27th story on The Rancid Truth blog regarding Irvine, California's own Dana Capital Group, Orange County Register's investigator and mortgage industry blogger Mathew Padilla's now reports that Dana Capital has decided to close its doors yesterday, May 8th, 2007. The company leaves behind regulatory intrigue, unpaid fines and an army of angry brokers. All of it far too much for the CEO to rectify.

And so another big mortgage lender bites the dust.

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