Tuesday, May 27, 2008

Ranieri Pursuing $1 Billion Distressed Mortgage Fund

By PAUL JACKSON
Published: May 23, 2008

Lewis Ranieri, the mortgage-backed bond market pioneer that made headlines earlier this week for his involvement in troubled Franklin Bank Corp., is the latest to jump into the distressed mortgage space with news Friday that a fund he manages has been seeking to raise $1 billion in fresh capital. Housing Wire

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