As quarter 1 earnings reports start winding down, it is time to take a survey of the damage, especially in terms of mortgage lenders. Subprime writedowns have been affecting mortgage lenders since last year, and investment banks and other institutions are also being brought down.
Among the mortgage lender news in the carnage is Credit Suisse, which is reporting a loss of $2.1 billion. However, there is some optimism that the credit market crisis is coming to an end. But that doesn't mean all of the foreclosures are done with...
image credit: sxc.hu
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