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The Spokesman-Review Newspaper
Spokane, Washington  Est. May 19, 1883

Metropolitan Mortgage

In January 2004, Metropolitan Mortgage declared bankruptcy, taking down with it the fortunes of many investors who placed their trust in the decades-old Spokane company.

News >  Business

Met defers more securities payments

The financial challenges facing Metropolitan Mortgage & Securities Co. Inc. deepened Monday as payments on more company securities were suspended, state officials took control of insurance subsidiaries, and the American Stock Exchange began the process of delisting its stock.