Optimism fades over global plan to pump cash into banks
Story date: 2007-12-13 12:01:00
Added on: 2007-12-13 13:00:15
USA Today - Countrywide Financial, (CFC) the largest U.S. home loan lender, said mortgage loan funding tumbled 40% to $23 billion in November, sending its shares tumbling. On Wednesday, Bank of America (BAC) and Wachovia (WB) warned of further write-downs for the ...
Read more...
Related Stories:
-
Countrywide plans to help more avoid foreclosure (USA Today)
Countrywide Financial, under pressure to help stem growing home loan defaults, says it will expand programs to help borrowers stay in their...
2008-02-11 07:09:22 -
US STOCKS-Mortgage plan optimism propels Wall St rally
Reuters - Investors snapped up shares of the companies most punished by the housing slump, including home builders, banks and mortgage lenders....
2007-12-05 03:53:00 -
Home Loan Bank Warned About Countrywide Debt
CNBC - The Federal Home Loan Bank was urged to examine the possible risks of giving billions of dollars in loans to...
2007-11-26 12:43:00 -
Countrywide, Florida's largest mortgage lender, defends financial ...
Orlando Sentinel - Countrywide Financial Corp. tried to fend off speculation about its financial viability today, announcing that its home-loan fundings had...
2008-01-09 12:05:00 -
Ill. Attorney General Probing Countrywide Financial Home Loan Unit (Multi-Housing News)
Chicago--The Illinois attorney general is investigating the home loan division of Countrywide Financial, the nation’s largest mortgage lender and loan servicer, The...
2007-12-13 04:12:11 -
Market posts a modest rally as optimism grows over rates
Baltimore Sun - Market posts a modest rally as optimism grows over rates From wire reports ... Late Wednesday, mortgage lender Countrywide...
2007-09-07 12:16:00 -
Risky home loan ads abound despite crisis
MSNBC - On AOL.com this week, the Internet-based loan company LendingTree offered "Bad credit options" and a $425,000 loan for only $1,376...
2007-08-24 05:48:00 -
Countrywide lines up $12 billion in new loans
Los Angeles Times - Mortgage lender Countrywide Financial Corp. said today that its bankers had agreed to provide the company with as...
2007-09-13 03:25:00