'Scratch and dent' investor Kondaur Capital Corp. of Santa Ana said it has raised $150 million in new capital from an unnamed New York financial firm. In a statement the Kondaur said the investor, which previously co-purchased loans with Kondaur through other business ventures, is now making a direct "and substantial investment" in the firm. At press time company chairman and CEO Jon Daurio could not be reached for comment. Now that the Treasury Department has abandoned its purchase of troubled mortgage assets, the SnD market is beginning to pick up steam, investors told MortgageWire. (For more details on this development see the Monday edition of National Mortgage News.)
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