Biggest U.S. mortgage lender posts $1.2 billion loss
Story date: 2007-10-26 12:04:00
Added on: 2007-10-26 12:41:50
International Herald Tribune - ... said Friday that it posted a $1.2 billion loss for the third quarter, but its shares soared after the largest U.S. mortgage lender ... 359 percent from a year earlier, as more borrowers fell behind on payments, particularly on adjustable-rate and home ...
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