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White label lender Mobius has ceased to accept new mortgage applications.
“Allco has decided to discontinue new investment in this asset class and commence an orderly run-off and sale of the underlying assets of Mobius,” a statement issued by Allco Finance Group (Allco) – Mobius’ parent group – said on Friday.
The decision comes after Allco’s announcement last week it would offload financial and infrastructure assets and concentrate on its core asset classes of aviation, shipping, rail and real estate.
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Published: 03-03-08
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