Countrywide posts loss, stock soars on outlook (Reuters via Yahoo! News)

Story date: 2007-10-26 01:51:17
Added on: 2007-10-26 22:00:14

Countrywide Financial Corp posted a $1.2 billion third-quarter loss on Friday, but its shares soared after the largest U.S. mortgage lender said it expects to be profitable in the fourth quarter and in 2008, and has weathered the worst of the housing downturn.


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