GE Money looking to sell Wizard Home Loans

26 May 2008

Mortgage loan company Wizard Home Loans may be sold by its parent company GE Money in a bid to avoid negotiations with Wizard founder and chairman Mark Bouris. Mr Bouris is looking to regain control of the mortgage loan company and has reportedly requested that GE Money pay him millions of dollars in advance to take control as well as requiring a stake in the mortgage loan company in order to sell it at a later date.

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