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Mortgage Lenders shows $103,016 November net loss
By Caroline Salls
Pittsburgh, Jan. 22 - Mortgage Lenders Network USA, Inc. reported a $103,016 November net loss on $222,912 in total revenues, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.
The figures showed improvement over a $531,251 October net loss on $181,941 in total revenues.
Cash and cash equivalents at Nov. 30 were $11.86 million, compared with $12.01 million at the end of October.
Mortgage Lenders Network, a Middletown, Conn.-based lending company, filed for bankruptcy on Feb. 5, 2007. Its Chapter 11 case number is 07-10146.
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