1st Mariner mortgage write-downs drive 4Q loss

Story date: 2008-01-30 12:13:00
Added on: 2008-01-30 04:21:57

Baltimore Sun - ... bank's employment, once as high as 820, has been reduced by about 165, with about 100 of the eliminated jobs coming from the shutdown of the wholesale mortgage unit. First Mariner reported having $43.4 million in "nonperforming assets," or bad loans ...


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