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Ranieri Pursuing $1 Billion Distressed Mortgage Fund 

May 23, 2008By

Lewis Ranieri, the mortgage-backed bond market pioneer that made headlines earlier this week for his involvement in troubled Franklin Bank Corp., is the latest to jump into the distressed mortgage space with news Friday that a fund he manages has been seeking to raise $1 billion in fresh capital.

3d rendering of a row of luxury townhouses along a street

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