Items Tagged with 'ACA Capital Holdings Inc.'

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  • ACA Capital Reports $1 Billion Loss on Secondary Market Woes

    ACA Capital Holdings, Inc., corporate parent of ACA Financial Guaranty, reported a large loss of $1.0 billion for the third quarter on secondary market woes that have bitten every financial guarantor with exposure to the mortgage industry. ACA said the net loss was driven by $1.7 billion in pre-tax mark-to-market activity on the company's structured credit holdings. From the press statement:
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