Wednesday, August 22, 2007

Thrifts Hit by Housing Market Problems (AP via Yahoo! Finance)

Mortgage troubles slammed the savings and loan industry last quarter, a new report said Tuesday. Troubled assets -- loans that are 90 or more days past due -- jumped to $14.2 billion last quarter, up 50 percent from $9.5 billion in the same quarter last year, the Office of Thrift Supervision said.

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[Source: Yahoo! News Search Results for housing loan]

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