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Mortgage Legend Backs Internet Lead Co.

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01-31-2006, 01:13 PM

Veronica Corningstone Veronica Corningstone is offline

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Mortgage Legend Backs Internet Lead Co.

Lew Ranieri, considered the father of mortgage-backed securities, has joined Root Markets, a New York-based online marketing and advertising firm that provides leads on mortgages and other financial services. Ranieri, who could not be reached to comment, has reportedly invested $5 million of the fortune he made on Wall Street in the Internet startup company.

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