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October 4, 2001

Residential Funding

Residential Funding Corp. has purchased the assets of FCC HealthCapitalGroup of Portland. RFC plans to retain all FCC associates and continue its operations in Portland. Dale Papworth, chief executive officer of FCC, will remain with the new organization. FCC is a specialty commercial finance company that offers lines of credit within the health care industry. RFC's business capital group provides unregulated capital to U.S. residential developers and home builders.




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