Mortgage companies sharply lower; FBR expects sector to remain under pressure (Sharewatch)
Story date: 2007-10-23 12:33:01
Added on: 2007-10-23 13:00:10
NEW YORK (Thomson Financial) - Shares of mortgage companies traded mostly lower Tuesday after an analyst at Friedman, Billings, Ramsey said falling housing prices and higher credit costs will keep the sector under pressure for the next fourth to six quarters.
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