Lending turmoil hands Countrywide a $1.2-billion loss
Story date: 2007-10-26 09:19:00
Added on: 2007-10-26 10:26:51
Los Angeles Times - Mortgage colossus Countrywide Financial Corp. today reported a third-quarter loss of $1.2 ... and defaults, especially in the sub-prime market for borrowers with poor credit scores or overtaxed finances. The third-quarter reserve for bad loans was ...
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