HomeFed Plans To Take Hit that Could Be Fatal

Moving a step closer to seizure, HomeFed Corp. indicated Tuesday that it will subtract more than $500 million from its third-quarter earnings because of problem real estate. The San Diego-based company, which operates the nation's seventh-largest thrift, said the move could wipe out its remaining equity capital.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.