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Inside Mortgage Trends
» Stearns Holdings Offers to Buy Back Short-Term Debt, But the Terms are Sketchy
Stearns Holdings Offers to Buy Back Short-Term Debt, But the Terms are Sketchy
Our Price:
$55.00
Inside Mortgage Trends
Product Details
Stearns Holdings LLC has sent out notices to investors that snatched up $250 million worth of short-term debt that it would like to buy back at least $80.0 million of the paper, which matures in 2020.