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  • Ties to lender may cost Edwards: Company’s subprime loans, home foreclosures trouble supporters

    09/11/2007 8:10:24 AM PDT · by 2ndDivisionVet · 16 replies · 715+ views
    The State ^ | September 9, 2007 | AARON GOULD SHEININ
    A subprime lender with ties to Democratic presidential hopeful John Edwards has moved to foreclose on more than 130 homes in South Carolina since the S.C. native went to work for its parent company, an analysis of courthouse records shows. The lender, Green Tree Financial, also was once the subject of a $30 million class-action verdict involving thousands of South Carolinians. Edwards’ ties to the company are disquieting to some supporters of the North Carolinian. On the campaign trail, Edwards has insisted he is the champion of lower-income families. Edwards’ ties to Green Tree also could hurt him with voters...