Fidelity Bank, the area?s third-largest bank by deposits, recorded a $6.65 million loss in the three-month period ending March 31.
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Fidelity Bank posts quarterly loss, cites sale of mortgage-backed securities
Posted by mortgage 13 days ago (Editorial)
H&R Block posts wider 2nd-qtr loss; downplays spike in claims against shuttered mortgage unit
Posted by mortgage 173 days ago (Editorial)
NEW YORK ? A spike in claims related to bad loans written by its now-shuttered subprime mortgage unit shouldn?t create any new liability for H&R Block Inc., company executives said Thursday after releasing results that showed a wider loss for its fiscal second-quarter. The nation?s largest tax preparer said claims from investors in securities backed by those mortgages, and from insurers who ...
H&R Block Q2 loss widens; downplays spike in claims against mortgage unit
Posted by mortgage 173 days ago (Editorial)
NEW YORK, N.Y. - A spike in claims related to bad loans written by its now-shuttered subprime mortgage unit shouldn't create any new liability for H&R Block Inc., company executives said Thursday after releasing results that showed a wider loss for its fiscal second-quarter.
H&R Block 2Q loss widens; mortgage claims spike
Posted by mortgage 173 days ago (Editorial)
A spike in claims related to bad loans written by its now-shuttered subprime mortgage unit shouldn't create any new liability for H&R Block Inc., company executives said Thursday after releasing results that showed a wider loss for its fiscal second-quarter.
Freddie Mac posts loss, seeks US$6b lifeline
Posted by mortgage 199 days ago (Editorial)
WASHINGTON: The US government-seized mortgage lender Freddie Mac on Thursday reported another losing quarter, and said it needs $6.0 billion from the government to keep it afloat.
Mortgage unit fuels Ally 3Q loss
Posted by mortgage 201 days ago (Editorial)
Detroit-based lender Ally Financial Inc. swung to a $210 million loss in the third quarter, on the impact of losses in its mortgage unit.
Freddie Mac posts loss, seeks $6 bn lifeline
Posted by mortgage 201 days ago (Editorial)
The US government-seized mortgage lender Freddie Mac on Thursday reported another losing quarter, and said it needs $6.0 billion from the government to keep it afloat.
MGIC Leads Mortgage Insurer Slump as Loss Widens on Claims
Posted by mortgage 213 days ago (Editorial)
MGIC Investment Corp. led a mortgage insurer slump after reporting a wider third-quarter loss as the cost of claims from mortgage delinquencies rose.
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