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Some 40 Loudoun County Chamber of Commerce members attended the Home Based Business Connection event Monday at the Comfort Suites in Leesburg.

CIT Sells Home Loan Business to Lone Star (New York Times)
CIT Group , which has reported four consecutive quarterly losses, said Tuesday it will sell its home-lending businesses to Lone Star Funds for $1.5 billion in cash and the assumption of $4.4 billion in debt.

CIT Group to sell home lending business for $1.5 billion cash, manufactured housing for $300M (Minneapolis-St. Paul Star Tribune)
NEW YORK - Commercial finance firm CIT Group says it will sell its home lending business to Lone Star Funds for $1.5 billion in cash plus $4.4 billion of assumed debt.

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