Mortgage lender Countrywide Financial losses top $1B US in Q3 (CBC)

Story date: 2007-10-26 09:06:05
Added on: 2007-10-26 19:00:21

Countrywide Financial Corp., the largest U.S. mortgage lender, said Friday it swung to a loss of more than $1 billion US in the third quarter on to rising loan-loss provisions, writedowns and dwindling origination volume.


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