Industry News

Former REIT KKR takes losses liquidating mortgage loans

Company says its entire stake in remaining MBS is at risk
Published on Aug 15, 2007

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by CareyBot

KKR Financial Holdings LLC — a former real estate investment trust that is attempting to liquidate its residential mortgage assets — said it lost $40 million selling off $5.1 billion in residential mortgage loans and could lose its entire $200 ...

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