A bit more press :-}
In this weeks Friday evening article ‘WHAT WE’RE HEARING’ by Paul Muolo Editor National Mortgage News http://www.nationalmortgagenews.com/cgi-bin/hearing/list_old_columns.pl?id=768 - I saw this:
‘Former Beneficial Finance official Peter Cugno thinks the time is ripe to start a wholesale subprime lending company. A mortgage trainer the past few years, Mr. Cugno put out a press release saying he is in the process of raising capital and obtaining the proper licensing. He plans to run the company under the subprime model of yesteryear: when funders closely underwrote loans with a microscope and required refi applicants to have real equity…’
THANKS PAUL!!
