Washington Mutual's Profit Falls on Bad Mortgages (Update2)
Story date: 2007-10-17 02:30:00
Added on: 2007-10-19 21:00:22
Bloomberg - Late payments on U.S. subprime mortgages surged to a five-year high in the second quarter, according to the Mortgage Bankers Association. That brought markets for securities backed by the loans to a standstill in the third quarter, forcing Washington ...
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