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At 5:30 p.m. July 1, Ty Olson received a call telling him his shop and office for his business, Mountainview Log and Timber Structures, was on fire. That evening, he lost everything in building by a devastating fire, for which a cause remains unknown.

CIT to sell home lending business for $1.5 billion (Reuters via Yahoo! News)
Commercial lender CIT Group Inc agreed to sell its home lending business to private equity firm Lone Star Funds for $1.5 billion in cash to increase liquidity, and will take a related second-quarter charge of $2 billion.

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