Top home lender's production down half (The Monterey County Herald)
Story date: 2007-11-14 02:06:35
Added on: 2007-11-14 19:26:06
LOS ANGELES — Countrywide Financial Corp. said Tuesday its level of home loan production fell by nearly half in October compared to the same month last year, while the percentage of delinquent loans rose as the mortgage lender continued to grapple with the fallout from the U.S. housing slump.
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