Countrywide shares soar despite loss (Taipei Times)
Story date: 2007-10-27 07:27:15
Added on: 2007-10-28 05:00:35
Countrywide Financial, the US' largest mortgage lender and loan servicer, reported a US$1.2 billion loss in the third quarter of this year on Friday, but said it expected to return to profitability by the end of the year as the housing crisis subsided and it capitalized on disruptions in the home loan market.
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