Related Articles| Mortgage rates drop; investors applaud Freddie, Fannie rescue Wall Street staged its biggest rally in a month Monday as stock investors bet that the government's move to seize and backstop the USA's two largest mortgage finance companies will help stabilize the housing market, thaw credit markets and boost the ail |
| Prudential Net Income Declines on Investment Losses April 30 (Bloomberg) -- Prudential Financial Inc. , the second-largest U.S. life insurer, said net income plummeted 94 percent to its lowest level in five years, hobbled by losses tied to commercial mortgages and subprime home loans. |
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