Will mortgage lender's earnings affect takeover? (The Charlotte Observer)

Story date: 2008-01-26 12:13:10
Added on: 2008-01-26 00:22:14

Investor concerns that Bank of America Corp. might try to pull out or pay less for Countrywide Financial Corp. could intensify next week when the troubled mortgage lender reports 2007 year-end financial results. After posting a $1.2 billion loss in the third quarter ended Sept. 30 -- its first quarterly loss in 25 years -- Countrywide declared it would post a profit for 2007's final three months ...


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