FREMONT GENL CORP. DL 1

Fremont General Corporation Sells its Remaining Mortgage Servicing Rights to Litton Loan Servicing LP Tuesday June 3, 9:00 am ET BREA, Calif., June 3 /PRNewswire-FirstCall/ -- Fremont General Corporation ("Fremont General" or the "Company") (Pink Sheets: FMNT - News), doing business primarily through its wholly-owned bank subsidiary, Fremont Investment & Loan ("FIL" or the "Bank"), announced that FIL completed the previously announced sale of its remaining mortgage servicing rights ("MSR's") on their $12.2 billion serviced loan portfolio (as of March 31, 2008) to Litton Loan Servicing LP, a Delaware limited partnership and an affiliate of Goldman, Sachs & Co. ("Litton") as contemplated by the Asset Purchase Agreement entered into between FIL and Litton on May 7, 2008 ("Asset Purchase Agreement"). The MSR's sold to Litton included all rights to service mortgage loans under servicing agreements, including the rights to receive servicing fees and ancillary income payable to FIL, as servicer, and the rights and obligations to make, any advances required pursuant to any servicing agreement, including obligations to reimburse funds borrowed from any custodial or other accounts under a servicing agreement, as well as certain other rights to reimbursement. ADVERTISEMENT FIL received approval of the Asset Purchase Agreement from the California Department of Financial Institutions and a notice of non-objection of the Federal Deposit Insurance Corporation ("FDIC"). About Fremont General Fremont General Corporation is a financial services holding company with $8.8 billion in total assets, at September 30, 2007. The Company is engaged in deposit gathering through a retail branch network located in the coastal and Central Valley regions of Southern California through its wholly-owned bank subsidiary, Fremont Investment & Loan. Fremont Investment & Loan funds its operations primarily through deposit accounts sourced through its 22 retail banking branches which are insured up to the maximum legal limit by the FDIC. The Retail Banking Division of the Bank continues to offer a variety of savings and money market products as well as certificates of deposits across its 22 branch network. Customer deposits remain fully insured by the FDIC up to at least $100,000 and retirement accounts remain insured separately up to an additional $250,000. To find out more about Fremont General, or to subscribe to the Company's email alert feature for notification of Company news and events, please visit http://www.fremontgeneral.com. Regulatory Filings

schon wieder +20 % es geht weiter!

geht der Run heute weiter sind heute sicherlich ernuet 50 % zu holen, da ist noch ein Gap bei 0,16 USD...

mal schauen was morgen so geht...