For the quarter ended Nov. Wall Street Journal - Bear Stearns Cos. 30, the brokerage house recorded a net loss of $854 million, or $6.90 a share, versus ...posted its first quarterly loss in its 84-year history on higher-than-projected $1.9 billion in mortgage write-downs. Does the lender make privately or federally insured or guaranteed loans? Some mortgage loans may be backed by a federal agency, such as the Federal Housing Administration (FHA loans) or the Department of Veterans Affairs (VA loans).
