Interest Rate Roundup

Wednesday, February 28, 2007

Yet another sign of potential problems in subprime?

Late yesterday, Fremont General Corp. said it's delaying the release of its Q4 and full-year 2006 earnings results. They were scheduled to be released today. It's not filing its annual report on time, either. No explanation for the delay was given. Fremont is one of the countries biggest subprime lenders. The stock was trading at its lowest level since early 2003 in the pre-market session.


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