Arizona Real Estate News Access
All the real estate and mortgage news you need to know in Arizona
Categories:

Archives:
Meta:
December 2024
S M T W T F S
« Oct    
1234567
891011121314
15161718192021
22232425262728
293031  
11/23/07
BofA writes down $3 bil in its assets
Filed under: General, Business, Mortgages
Posted by: Lillian Wong @ 1:47 pm

CHARLOTTE, N.C. - Bank of America Corp. said Tuesday that it will take a $3 billion debt-related write-down in the fourth quarter and warned its losses could grow, adding to fears the nation’s housing and mortgage-lending slump might exact a greater toll than in the wretched third quarter when industrywide write-downs topped $40 billion.  More…

Leave a Reply