Gleacher’s Mortgage Unit Deemed In Default

ClearPoint Funding, a mortgage-lending unit of Gleacher & Co., was deemed to be in default under short-term, secured mortgage warehouse lines of credit with its lenders, prompting the investment bank to delay filing of its annual report.

  • 16 Mar 2012

ClearPoint Funding, a mortgage-lending unit of Gleacher & Co., was deemed to be in default under short-term, secured mortgage warehouse lines of credit with its lenders, prompting the investment bank to delay filing of its annual report.

Click here to read the story from Reuters.

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