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• CIT sells home lending business  CNN Money - Jul 01 4:43 AM Finance company's latest effort to shore up capital leads to exiting its home mortgage business and selling its $470 million manufactured housing portfolio at a loss.



• CIT Sells Home Loan Business to Lone Star  New York Times - Jul 01 4:18 AM CIT Group , which has reported four consecutive quarterly losses, said Tuesday it will sell its home-lending businesses to Lone Star Funds for $1.5 billion in cash and the assumption of $4.4 billion in debt.



• CIT to sell home lending business for $1.5 billion  Reuters via Yahoo! News - Jul 01 3:55 AM  Commercial lender CIT Group Inc agreed to sell its home lending business to private equity firm Lone Star Funds for $1.5 billion in cash to increase liquidity, and will take a related second-quarter charge of $2 billion.



• Business in the Burbs: Existing home prices up in Putnam, Westchester despite sales declines  The Journal News - Jul 01 11:45 PM Sales and median prices of existing homes continued to show weakness year-over-year in May across most of New York state.



• Home Based Business Connection Offers Networking Tips  Leesburg Today - Jul 01 10:57 PM Some 40 Loudoun County Chamber of Commerce members attended the Home Based Business Connection event Monday at the Comfort Suites in Leesburg.

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