Early Briefing

*Fannie Mae of the District said that deterioration in the housing market led to a sixfold increase in its expenses for loan delinquencies and foreclosures during the third quarter. And it just expects it to get worse.
But there were two bright spots for Fannie: Its share of mortage-backed securities issued increased, and it filed a financial report on time. See story

*Sunrise Senior Living of McLean said that it has to restate earnings by more than expected and that economic conditions mean it has stopped work on four condo projects. See story

*Dan Snyder's ability to turn around Six Flags was questioned after the company reported that third-quarter profit fell 46 percent and its stock fell to a 12-year low. See story

By Terri Rupar  |  November 10, 2007; 5:00 AM ET  | Category:  Morning Brief
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