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Home : Home Mortgage Loan : Adjustable Rate Mortgage : MSN Newsfeeds : FirstFed Grapples With Payment-Option Mortgages - Wall Street Journal

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FirstFed Grapples With Payment-Option Mortgages - Wall Street Journal

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LOS ANGELES -- Like many mortgage lenders, FirstFed Financial Corp. is struggling with rising losses. The bank posted a loss of nearly $70 million in the first quarter -- reversing years of profit. Forty percent of its borrowers became at least 30 ...

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