(Reuters) - Dozens of providers of home loans to people with poor credit histories have found buyers, quit the industry or gone bankrupt in the last year as losses mounted and customer defaults soared. NovaStar lost $39.8 million in the first quarter, excluding a one-time gain.
In afternoon trading, NovaStar shares were up 74 cents, or 9 percent, at $8.94 on the New York Stock Exchange, after earlier rising to $9.55.
Read more at Reuters.com Hot Stocks News
In afternoon trading, NovaStar shares were up 74 cents, or 9 percent, at $8.94 on the New York Stock Exchange, after earlier rising to $9.55.
Read more at Reuters.com Hot Stocks News
No comments:
Post a Comment