Citigroup Inc. and UBS AG warned that they suffered significant loan-related losses in the third quarter, becoming the latest and biggest banks to reveal huge ill effects from the spike in mortgage defaults and freeze-up in the credit markets. Shares in both companies rose, though, and the Dow Jones industrial average jumped to a record above 14,000, as investors who sold off the financial ...
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[Source: Yahoo! News Search Results for housing loan]
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