Resource Bancshares Mortgage Group's Monday announcement that it has sold the residual assets of six subprime securitizations is the second part of the Columbia, S.C., company's short-term plan to resuscitate profits and refocus its business.

Douglas Freeman, who became Resource's chief executive officer in January, quickly decided that three of the company's interests, termed "noncore" by officials, could be restructured or jettisoned: Laureate Capital, which was sold to BB&T Corp. last week; the residual assets, whose sale was announced Monday; and Republic Leasing.

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