Countrywide offers borrowers $16bn bail-out

Story date: 2007-10-23 11:17:00
Added on: 2007-10-23 18:00:25

Times Online - The mortgage lender has sold a swathe of mortgages to people on low incomes with poor credit histories, known as sub-prime mortgages. The loans had a tempting introductory interest rate which, over the past few months, has jumped and triggered a ...


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