US mortgage giant Fannie Mae posts $29 bln loss (AFP)
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AFP - Fannie Mae, the US mortgage finance giant bailed out by the government, reported Monday a third-quarter loss of 28.99 billion dollars due to the slump in the real estate sector.
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November 10th, 2008
Fannie Mae posts record $29 billion loss (Reuters)
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Reuters - Fannie Mae, the largest provider of funding for U.S. residential mortgages, on Monday said it lost a record $29 billion in the third quarter as the company wrote down a tax-related asset that has its buoyed capital.
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Fannie reports $29B loss in 3Q as defaults rise (AP)
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AP - Government-controlled mortgage finance company Fannie Mae says it lost $29 billion in the third quarter as it took a massive tax-related charge and saw mortgage defaults continue to rise.
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Nationwide’s mortgage lending fell 72 pct in 1H (AP)
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AP - British lender Nationwide Building Society said Monday mortgage lending fell 72 percent in the first half of its financial year, as home buyers were deterred by a crashing property market and mortgage rates were boosted by the credit crunch.
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HSBC’s profit up on year, takes $4.9 billion hit (Reuters)
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Reuters - Europe's biggest bank HSBC Holdings said its profit in the third quarter was ahead of a year earlier as growth in Asia helped offset almost $5 billion in bad debts on U.S. home loans and asset writedowns.
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HSBC profit up despite $4 billion U.S. hit (Reuters)
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Reuters - Europe's biggest bank, HSBC Holdings , said its profit in the third quarter was up from a year ago as growth in Asia helped offset more than $4 billion in bad debts on U.S. home loans.
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