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  •  Mortgage Company Exec Jumps to Death (1+ / 0-)
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    exNYinTX

    From AP:

    (01-18) 17:20 PST Marlton, N.J. (AP) --

    An executive of a collapsed subprime mortgage lender jumped to his death from a bridge Friday, shortly after his wife's body was found inside their New Jersey home, authorities said.

    The deaths of Walter Buczynski, 59, and his wife, Marci, 37 — the parents of two boys — were being investigated as a murder-suicide, according to the Burlington County Prosecutor's Office.

    [snip]

    Bernardi said a motive for the apparent murder-suicide was not immediately clear. The couple's children were being cared for by family members, Bernardi said.

    Walter Buczynski was a vice president of Columbia, Md.-based Fieldstone Mortgage Co., a high-flying subprime mortgage lender that made $5.5 billion in mortgage loans and employed about 1,000 people as late as 2006.

    However, it has since filed for bankruptcy and now has fewer than 20 employees. The company had recently filed court papers seeking approval to pay about $1.1 million in bonuses that would be divided among Buczynski and other staffers so the company could wind down its lending operations and go out of business.

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