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Real Estate & Property Law

: Housing Wire

Mortgage Division Softens US Bancorp Fall

By KELLY CURRAN

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U.S. Bancorp’s first-quarter earnings dived 51% from last quarter, due largely to affirmed losses tied to loans and securities, the bank said Tuesday. However, activity in the mortgage sector is helping the medicine go down. In its fourth consecutive profit decline, the Minneapolis-based bank earned $529m, or 42 cents per share, down from a $1.1bn, or [...]

Full post as published by Housing Wire on April 21, 2009 (boomark / email).

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