Saturday, November 3, 2007

UPDATE: Analyst Says WaMu Faces Taking Back Securitized Mortgages (Nasdaq)

SAN FRANCISCO (Dow Jones) -- Washington Mutual may have to set aside some $412 million to $2.1 billion in extra reserves if a lawsuit filed by New York state's attorney general against the mortgage lender succeeds, a Keefe Bruyette & Woods analyst estimated on Friday.

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[Source: Yahoo! News Search Results for mortgages]

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