Lender Asks Court To Liquidate NovaStar Unit
The mortgage lender filed the petition for involuntary bankruptcy against Novastar Home Mortgage Inc. on Wednesday in the U.S. Bankruptcy Court for the Western District of Missouri.
NovaStar Financial is finding itself in increasingly dire financial straits.
The petition came just two weeks after Novastar announced it was ending all mortgage origination operations, slicing...
To view the full article, register now.