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Real Estate & Property Law

: Housing Wire

Loan Loss Provisions Drive FirstFed?s $244.8 Million Q4 Loss

By DIANA GOLOBAY

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FirstFed Financial Corp. (FED: 0.79 -7.06%), the Los Angeles-based parent company of First Federal Bank of California, on Monday reported a fourth-quarter net loss of $244.8 million — or $17.91 per share — compared with the $51.6 million net loss reported for the third quarter. FirstFed attributed the loss to a $220 million loan loss [...]

Full post as published by Housing Wire on February 02, 2009 (boomark / email).

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