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Real Estate & Property Law

: Housing Wire

Ambac Posts $2.4 Billion Q3 Loss on ?False? MBS Recovery

By PAUL JACKSON

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Ambac Financial Group, Inc. (ABK: 2.01 -40.88%) said Wednesday morning that it lost $2.4 billion, $8.45/share, as it absorbed at least $3 billion in write-downs and costs to pay anticipated claims amid further deterioration in the U.S housing market. The quarterly loss widened a $360 million, or $3.53 a share, loss from a year earlier, [...]

Full post as published by Housing Wire on November 05, 2008 (boomark / email).

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