Robert McLister·General·March 16, 2008MoneyConnect Mortgage Sale Subprime lender MoneyConnect needs to liquidate some of its mortgage portfolio according to the Globe & Mail. The former subprime lender halted its lending back in December. Now the company has reportedly asked mortgage brokers to get their MoneyConnect clients to move their mortgages to new lenders. It’s apparently offering to waive prepayment penalties to customers who pay off their mortgages. We haven’t seen the company’s statement so contact them directly to confirm all details. Globe Story Like news like this?Join our CMT Updates list and get the latest news as it happens. Unsubscribe anytime. SUBSCRIBE! Thank you for subscribing. One more step: Please confirm your subscription via the email sent to you.