NovaStar Gets a Breather

Shares of the subprime lender gained Thursday after it said it obtained $100 million in financing and may put itself up for sale

After NovaStar Financial (NFI) said it is considering a possible sale of the company and managed to get a $100 million loan, investors bought the struggling mortgage lender's stock on Apr. 12. But NovaStar continues facing daunting challenges.

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