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Real Estate & Property Law

: Housing Wire

3Q Reserves Drive FirstFed?s $51.6 Million Loss

By DIANA GOLOBAY

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Ongoing charge-offs and modifications of single-family loans drove much of FirstFed Financial Corp.’s (FED: 9.87 +0.41%) net loss of $51.6 million, or $3.77 per share, in the third quarter, up from a $35.5 million loss reported in the second quarter. The Los Angeles-based bank on Friday released preliminary third-quarter results, in which it disclosed $110.3 [...]

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

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