Countrywide Says Bad Mortgages Rise, New Loans Fall (Update3) (Bloomberg.com)

Story date: 2007-10-11 08:25:27
Added on: 2007-10-11 21:55:13

Oct. 11 (Bloomberg) -- Countrywide Financial Corp., the largest U.S. mortgage company, said late payments at its servicing unit rose, foreclosures doubled and new loans fell 44 percent as housing sales slowed.


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