US home equity losses surge to highest this decade
Story date: 2007-11-29 11:49:00
Added on: 2007-11-29 17:15:38
Guardian Unlimited - On Tuesday, Wells Fargo & Co, the second-largest U.S. mortgage lender, announced a $1.4 billion fourth-quarter charge tied largely to home equity loans it considers more risky, and which it plans to liquidate.
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