Following a flirtation with Residential Funding Corp. that proved fruitless, ContiFinancial announced last week that it has embarked on a new search for a buyer, and has placed all securitization plans on hold, at least until additional equity can be found.

Last week the company said it had enlisted both Lehman Brothers and The Blackstone Group to help explore options that might get the ailing home-equity issuer back on its feet.

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