Countrywide projects return to profit (Reuters via Yahoo! News)

Story date: 2007-10-26 10:47:52
Added on: 2007-10-26 22:00:15

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 expected to be profitable this quarter and in 2008, and had weathered the worst of the nationwide housing downturn.


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