Industry News

Lenders say billions more in write-downs, losses expected

Fannie Mae returns to regular financial reporting
Published on Nov 14, 2007

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by CareyBot

HSBC Holdings PLC, Bear Stearns Cos., Bank of America Corp., E*Trade and mortgage repurchaser Fannie Mae are among the latest companies to reveal billions in lending-related losses. HSBC today said it would take a $3.4 billion charge during the third ...