``Investment bank Friedman, Billings, Ramsey Group Inc. said Thursday it swung to a fourth-quarter loss due to a write-down of goodwill and losses tied to subprime mortgages. FBR lost $270.4 million, or $1.77 per share, during the fourth quarter, compared with earnings of $3.8 million, or 2 cents per share, during the same period the previous year.''

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