Countrywide posts loss, stock up after outlook (Reuters via Yahoo! News)

Story date: 2007-10-26 01:11:20
Added on: 2007-10-26 22:00:14

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


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