General Electric Co. Chief Financial Officer Keith Sherin said Friday that he doesn't foresee any significant exposure for the conglomerate stemming from the ongoing mortgage-foreclosure crisis.
GE sold its U.S. subprime mortgage lending unit, WMC Mortgage, for $117 million in late 2007.
"We obviously are watching" developments in the unfolding crisis, Sherin said on a post-earnings conference call, in response to an analyst's question. But "my view is we're in pretty good shape here in terms of WMC."
