Countrywide Says Bad Mortgages Rise, New Loans Fall (Update1) (Bloomberg.com)

Story date: 2007-10-11 06:57:48
Added on: 2007-10-11 21:55:14

Oct. 11 (Bloomberg) -- Countrywide Financial Corp., the largest U.S. mortgage lender, said late payments on loans handled by its servicing business rose, foreclosures doubled, and originations fell 44 percent as housing sales slowed.


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