Countrywide lines up $12 billion in new loans (Los Angeles Times)
Story date: 2007-09-13 08:59:13
Added on: 2007-09-13 19:00:12
Mortgage lender Countrywide Financial Corp. said today that its bankers had agreed to provide the company with as much as $12 billion in additional loans, increasing its ability to weather the worst downturn in the history of the modern home-loan industry.
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