U.S. mortgage lenders rattle markets (The Globe and Mail)

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U.S. mortgage lenders rattle markets (The Globe and Mail)

by NewsReader 02-09-2007

TORONTO AND WASHINGTON ? After years of smooth sailing, the banking industry ran into stiff headwinds Thursday when the two biggest U.S. mortgage lenders to high-risk home buyers warned that costs from delinquent loans were swelling faster than they had expected.

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