Link Details

Link Details 

Submit RSS | Latest Links | Top Hits | 
 
News Finder » Listing Details
ID: 28425
Title: National City expects subprime mortgage losses (Reuters)
Description:

A sign points to a home for sale in a new subdivision in Vancouver, Washington, April 25, 2006. National City Corp., the No. 9 U.S. bank, on Wednesday said it wrote off $11 million stemming from subprime home loans, expects to write off more, and may boost reserves by $50 million because an insurer is rejecting mortgage-related claims. (Richard Clement/Reuters)Reuters - National City Corp. , the No. 9 U.S. bank, on Wednesday said it wrote off $11 million stemming from subprime home loans, expects to write off more, and may boost reserves by $50 million because an insurer is rejecting mortgage-related claims.


Category: Business/
Link Owner:
Date Added: March 14, 2007 06:06:41 PM
Number Hits: 0