TITLE

Countrywide Loses $893M

PUB. DATE
June 2008
SOURCE
Mortgage Servicing News;Jun2008, Vol. 12 Issue 5, p24
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the financial performance posted by Countrywide Financial Corp. (CFC) during the first quarter of 2008 in Calabasas, California. The company took $3 billion of credit-related charges in the quarter, which widens its loss above expectations to $893 million or $1.60 per share. The company's mortgage production business remains robust, despite the generally weak market and the tightening of underwriting standards.
ACCESSION #
32183899

 

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