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Mortgage Lenders Network reports $1.24 million December net loss
By Caroline Salls
Pittsburgh, Feb. 12 - Mortgage Lenders Network USA, Inc. reported a $1.24 million December net loss on negative $23,078 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 a decline over a $103,016 November net loss on $222,912 in total revenues.
Cash and cash equivalents at Dec. 31 were $10.55 million, compared with $11.86 million at the end of November.
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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