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More recently, with the invention of the Wood-Mizer in 1982, [3] portable bandsaw mills represented a dramatic shift in design. Unlike traditional mills, they used a thin-kerf blade of the type used on a band saw rather than a circular blade, which reduced weight and cost, and reduced the size and weight of the bearings and support blocks.
On July 1, 2008, the company announced the sale of its home lending division to Lone Star Funds for $1.5 billion in cash and the assumption of $4.4 billion in debt and the sale of its manufactured housing loan portfolio, with a face value of $470 million in loans, to Vanderbilt Mortgage and Finance for approximately $300 million.
In December 2017, Paramount began originating residential solar loans and later rebranded as Loanpal. [7] In 2019, Loanpal announced a partnership with PenFed Credit Union. [11] In 2019, Loanpal was responsible for 30% of all new residential loans in the U.S. [11] [12] In 2020, they launched their online platform. [13] [14]