Mortgage finance company Freddie Mac said today its first quarter loss widened to $151 million as the U.

NEW YORK -- Maurice R. Greenberg, the former chief executive and largest individual shareholder of AIG, is urging the insurer to postpone its annual meeting in the wake of its massive first-quarter loss, according to regulatory filing Monday.

NEW YORK -- American International Group Inc. said Thursday that it swung to a first-quarter loss of $7.81 billion because of losses tied to credit swaps and mortgage-related operations and that it plans to raise a total of $12.5 billion in new cash to shore up its capital base.

WASHINGTON -- The steeper slide in home prices is accelerating the pace of foreclosures, Fannie Mae said Tuesday as it outlined plans for shoring up its finances following a $2.2 billion first quarter loss.

ZURICH, Switzerland -- Swiss bank UBS, hard hit by the U.S. subprime crisis, reported a first-quarter loss of $10.97 billion and said Tuesday it will slash almost 7 percent of its work force.

NEW YORK (Reuters) - Finance company GMAC said on Tuesday its first-quarter loss nearly doubled as more customers fell behind on mortgage payments, and warned that it might not be profitable until well into 2009, later than expected.

NEW YORK (Reuters) - Countrywide Financial Corp (CFC.N), the largest U.S. mortgage lender, posted a surprisingly large $893.1 million first-quarter loss on Tuesday, taking more than $3 billion of charges for write-downs and bad loans as the housing slump deepens.

Production and legal expenses contribute to a $46.6-million deficit. Mattel Inc. reported a surprise first-quarter loss Monday, saying sharp increases in production costs and litigation expenses -- some stemming from product recalls last year -- hurt its bottom line.

NEW YORK (Reuters) - Wachovia Corp (WB.N) posted a surprise first-quarter loss on Monday as credit problems from mortgages and other debt soared, prompting it to raise $7 billion of capital, slash its dividend and cut jobs.

NEW YORK -- The shocking first-quarter loss at Wachovia Corp., a company long viewed as a relatively conservative player during the mortgage boom, suggests that 2008 will be at best a rebuilding year even for the nation's better-positioned banks.