Industry NewsMortgage

Fitch lowers ratings of banks with home-equity exposure

WaMu, Wells Fargo, National City affected
Published on Mar 11, 2008

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by CareyBot

Citing deteriorating performance of home-equity loans, Fitch Ratings has lowered the debt ratings of some big name banks including Washington Mutual, Wells Fargo, National City, Providian Financial and First Horizon, while warning it may take similar action toward Bank of ...