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Downey Savings to report $23 million quarterly loss

Started by morganb · 6 months ago

Local lender (to us anyway) Downey Savings reported a loss of $23 million for the 3rd quarter recently ended.  The loss is due to none-other than loan loss-related charges and the overall slow down in the housing market.   From the American Banker story:
The company will tak ... Continue reading »

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