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Miscellaneous

U.S. Central FCU’s Mortgage Securities Portfolio Continues to Deteriorate

MAY 23, 2008 12:34am ET

LENEXA, Kan. – The continuing fallout of the mortgage crisis is increasingly weighing down the holdings of U.S. Central FCU, which this week reported that its vast portfolio of mortgage backed securities is now underwater to the tune of $2.4 billion, compared to $1.1 billion at year end, and $1.96...

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