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		Mortgage Forums for Mortgage Brokers > Mortgage Business > Mortgage News
Firms Manage Earnings, Liquidity

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02-07-2008, 02:10 PM

Veronica Corningstone Veronica Corningstone is offline

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Firms Manage Earnings, Liquidity

Wachovia Corp. announced that it has priced a $3.5 billion preferred stock offering. A $476 million impairment charge related to goodwill and intangible assets at LendingTree led to a fourth quarter operating loss of $508 million, the company's parent announced. Franklin Credit Management Corp. warned about a further delay in filing its Form 10-Q with the Securities and Exchange Commission for the third quarter ended Sept. 30, 2007, because it is still trying to determine its allowance for loan losses.

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