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Metropolitan Mortgage & Securities loses $6.6 million in September
By Jeff Pines
Washington, Nov. 8 - Metropolitan Mortgage & Securities Co. Inc. reported losing $6.6 million in September on sales of $883,396 compared with a loss of $12.2 million in August on sales of $3.37 million.
The results were filed Friday with the U.S. Bankruptcy Court for the Eastern District of Washington.
Total cash on Sept. 30 was $11.52 million compared to $11.49 million on Aug. 30.
Spokane, Wash.-based Metropolitan filed for bankruptcy on Feb. 4, 2004. Its Chapter 11 case number is 04-00757.
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