The nation’s housing and mortgage-lending slump keeps growing with industry write-downs topping $46 billion.
Today, Wachovia Corp doubled its estimate of loan loss provisions to about $1 billion for the fourth quarter while the chief executive of rival Bank of America Corp. said he expects current credit market turbulence to extend into 2008. In November, Bank [...]
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Industry Wide Writedowns Top $46 Billion (Wachovia, BofA, WaMu, PNC)
December 12th, 2007 · No Comments
Tags: Foreclosure Information · Foreclosure Statistics
