Linda Bandov

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Fremont Will Delay Earnings: Subprime’s Latest Victim?

Feb 28, 2007By

Fremont General Corporation (NYSE:FMT), one of the nation’s largest subprime residential lenders, announced late Tuesday that it will postpone the release of its fourth quarter and full-year 2006 results of operations, each previously scheduled for February 28, 2007. The company also announced that it will miss the SEC deadline of March 1 to file its 2006 annual report on Form 10-K. Fremont did not give reasons for the delays in its press statement. Spokeswoman Linda Bandov, in an interview with Reuters, said Fremont will provide an update on Thursday.

3d rendering of a row of luxury townhouses along a street

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