RTT NewsCIT Sells Units for $1.8 Billion to Exit Home Lending (Update2)
Bloomberg - 57 minutes ago
By Andrew Frye and Jon Menon July 1 (Bloomberg) -- CIT Group Inc., the business lender that's lost money for four straight quarters, agreed to sell its manufactured housing and home-loan businesses for $1.8 billion as it exits consumer lending.
UPDATE CIT sells home lending ops to Lone Star Funds for $5.9 billion Forbes
UPDATE 1-CIT to sell home lending business for $1.5 billion Reuters
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