Countrywide Posts Loss as Borrowers Default on Loans (Update2)

Story date: 2007-10-26 05:52:00
Added on: 2007-10-26 07:45:45

Bloomberg - Oct. 26 (Bloomberg) -- Countrywide Financial Corp., the biggest U.S. mortgage lender, predicted a return to profit in the fourth quarter and for 2008 after its first quarterly loss in 25 years. The shares jumped more than 20 percent. The loss of $1.2 ...


Read more...

Related Stories:

• Countrywide Posts Loss as Borrowers Default on Home Mortgages

  Bloomberg - Oct. 26 (Bloomberg) -- Countrywide Financial Corp., the biggest U.S. mortgage lender, reported its first quarterly loss in 25 years...
  2007-10-26 05:23:00

• Countrywide Reports $893 Million Loss From Bad Loans (Update5) (Bloomberg.com)

  April 29 (Bloomberg) -- Countrywide Financial Corp. , the mortgage lender that Bank of America Corp. plans to buy, reported a third...
  2008-04-29 01:33:22

• Countrywide Posts Loss, Shares Advance on Forecast (Update5)

  Bloomberg - Oct. 26 (Bloomberg) -- Countrywide Financial Corp., the biggest U.S. mortgage lender ... The results ``were not as bad as...
  2007-10-26 08:43:00

• Countrywide Foreclosures Double in Servicing Business (Update3)

  Bloomberg - Nov. 13 (Bloomberg) -- Countrywide Financial Corp., the biggest U.S. mortgage lender ... mitigating the consequences our borrowers are facing...
  2007-11-13 11:40:00

• Countrywide to Refinance Up to $16 Billion of Loans (Update4) (Bloomberg.com)

  Oct. 23 (Bloomberg) -- Countrywide Financial Corp., the biggest U.S. mortgage lender, may change terms on $16 billion of adjustable-rate mortgages before...
  2007-10-23 08:27:54

• Countrywide Holder Calls Bank of America Bid Too Low (Update2)

  Bloomberg - Jan. 31 (Bloomberg) -- Bank of America Corp.'s offer of about $4 billion for Countrywide Financial Corp., the biggest U.S....
  2008-01-31 09:23:00

• U.S. Stocks Rise; Countrywide, Fannie Mae, Homebuilders Climb

  Bloomberg - Countrywide Financial Corp. and Fannie Mae rallied on the Treasury's accord to help some borrowers refinance or freeze interest rates...
  2007-12-06 11:55:00

• Analyst predicts bigger loss for Countrywide

  CNN Money - ... said Thursday he expects Countrywide Financial Corp. to report a much bigger third-quarter loss than he previously...
  2007-10-04 06:18:00