In Briefs: Resource Names Chief Of Subprime Lending

Resource Bancshares Mortgage Group Inc. has named Larry Reed senior vice president and director of subprime lending. He was founder, president, and chief executive of B First Residential from 1992 until its sale to Resource last year.

Resource recently announced the introduction of subprime loans through its six retail offices and three of its 11 wholesale branches. The loans will be available through the eight remaining wholesale branches soon, the company said.

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