Countrywide slashes jobs as bad loans rise (Washington Post)

Story date: 2007-10-11 09:54:26
Added on: 2007-10-13 16:00:09

NEW YORK (Reuters) - Countrywide Financial Corp (CFC.N) said on Thursday it funded 44 percent fewer mortgage loans in September as it tightened lending standards, while delinquencies increased and foreclosures more than doubled.


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