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Archive for the 'Countrywide' Category

Countrywide reports $1.2 billion loss

Friday, October 26th, 2007

Countrywide Financial reported a third-quarter loss of $1.2 billion citing losses on mortgages loans they could not sell as well as defaulted loans. (more…)

Posted in Countrywide, Mortgage Lender | No Comments »

Countrywide will help 82,000 borrowers

Tuesday, October 23rd, 2007

Countrywide Financial has offered to help refinance or restructure up to $16 billion worth of adjustable rate mortgages through 2008. (more…)

Posted in Countrywide, Mortgage Defaults, Mortgage Refinancing, Mortgage Restructuring, Subprime Mortgage | 3 Comments »

Countrywide mortgage closings down 44 percent

Thursday, October 11th, 2007

Countrywide announced that its mortgage closings in September are down 44 percent compared to September, 2006. (more…)

Posted in Alt-A Mortgage, Countrywide, Mortgage Lender, Subprime Mortgage | No Comments »