Countrywide Financial Posts $1.2B Loss (AP)
By etrader on October 26, 2007 at 4:16 am in Online Trading
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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