Wednesday, August 15, 2007

US private equity giant says mortgage losses may hit 290 mln dlrs (TODAYonline)

Construction workers work on the rooftop of a new home under construction in Centreville, Virginia, May 2007. KKR Financial Holdings, an affiliate of US private equity giant Kohlberg Kravis Roberts and Co., said Wednesday it would lose 40 million dollars from the sale of a mortgage portfolio, but warned its losses could balloon to 290 million dollars.

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[Source: Yahoo! News Search Results for home equity loan]

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