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Real Estate & Property Law

: Housing Wire

LandAmerica Posts $600 Million Q3 Net Loss

By DIANA GOLOBAY

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LandAmerica Financial Group Inc. (LFG: 7.90 -9.20%) reported that weak mortgage activity drove a quarterly net loss of $599.6 million, or $39.45 per share, in its third-quarter earnings statement, released Monday morning. Total revenue decreased by 30.3 percent, and direct revenue from title and non-title commercial operations declined by 40.1 percent — in other words, [...]

Full post as published by Housing Wire on November 10, 2008 (boomark / email).

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