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Subprime Lending

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Looking to Survive Subprime? 

Apr 10, 2007By

Sensing an opportunity in a turbulent mortgage banking industry, Vermillion Consulting, Inc., and Mortgage Banking Services Direct said Tuesday that the two niche-market management consulting firms have formed an alliance that will seek to teach subprime lending companies how to survive current market conditions. Call it the newest growth area in the management consulting field, which has long thrived on providing expert insight — or useless recommendations, depending on who you speak to — to industries facing tough challenges. Leaders at each company said their collective effort comes as a response to current industry conditions that have claimed more than 50 lenders at last count, according to the site Mortgage Lender Implode-o-Meter.

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