September 24, 2007 (LPAC)--Nationstar, the subprime unit of John Edwards' former employer, Fortress Investment Group, announced today that it would no longer be accepting applications for new loans, an almost certain indication that it is soon going to close operations entirely. Fortress became a headline name after the Wall Street Journal exposed that they were foreclosing on victims of hurricane Katrina. At that point Democratic Presidential candidate Edwards was forced to announce that he was divesting himself of any Fortress holdings.

Nationstar was one of the top ten sub-prime lenders in the country, doing over $4 billion in loans in just the first three months of this year.