Mortgage woes force quarterly loss for Countrywide (Dallas Morning News)

Story date: 2007-10-26 06:48:08
Added on: 2007-10-26 07:45:44

LOS ANGELES — Countrywide Financial Corp., the nation’s largest mortgage lender, said Friday it swung to a loss of more than $1 billion in the third quarter as mortgage market woes forced it to set aside millions in loan-loss provisions and writedowns, and the lender originated fewer loans.


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