Countrywide Financial swings to loss of $1.2 billion on weakening mortgage market (International Herald Tribune)
Story date: 2007-10-26 06:05:28
Added on: 2007-10-26 10:26:49
Countrywide Financial Corp., the largest U.S. mortgage lender, said Friday it swung to a loss of more than $1 billion (€700 million) in the third quarter on to rising loan-loss provisions, writedowns and dwindling origination volume.
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