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NovaStar Flames Out

Stock quotes in this article: NFI , NEW , HBC  

Updated from Feb. 20

Shares of NovaStar Financial(NFI Quote) plunged 38% a day after the real estate investment trust became the latest casualty of rising problems in the subprime mortgage market.

The Kansas City, Mo., mortgage lender reported a loss of $14.4 million, or 39 cents a share, compared with a profit of $26.4 million, or 84 cents a share, a year earlier. ...

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