Countrywide loan funding tumbles 40 percent in November
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Countrywide Financial Corp , the No. 1 U.S. mortgage lender, said on Thursday mortgage loan funding tumbled 40 percent to $23 billion in November, sending its shares down 5 percent as late payments continue to escalate.
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Countrywide Financial Corp, the mortgage lender that agreed this month to be acquired by Bank of America Corp, posted a larger-than-expected $421.9 million quarterly loss on Tuesday, as more homeowners fell behind on payments.
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Countrywide Financial, the nationâs largest mortgage lender, issued a pessimistic outlook of the housing market, helping to ignite a sell-off in the stock market.
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Sales of new homes unexpectedly plunged in November at the sharpest rate in more than a decade, falling 12 percent to the weakest annual rate since July, the Commerce Department said on Thursday.
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Countrywide Financial Corp ,  the largest U.S. mortgage lender, posted a $1.2 billion  third-quarter loss on Friday, hurt by write-downs as the U.S.  housing market deteriorated.
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Countrywide Financial and USG disappoint the Street, and their shares tumble.
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CALABASAS, Calif., Sept. 12 -- Countrywide Financial said Thursday that it had increased its borrowing capacity by $12 billion as it struggles to weather the slowdown in the housing market.
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U.S. construction spending fell unexpectedly by 0.4 percent in November, as a cooling in residential construction overpowered a small rise in public spending, a government report showed on Monday.
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WASHINGTON - Countrywide Financial Corp. , the biggest US mortgage lender, fell for the fourth straight day in New York trading after regulators began an informal investigation of stock sales by chief executive Angelo Mozilo.
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Countrywide Financial Corp , the largest U.S. mortgage lender, said on Thursday it has lined up $12 billion of financing to help weather a housing slowdown that has reduced loan demand and will lead to widespread layoffs.
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Countrywide Financial Corp. on  Wednesday posted a 47 percent drop in quarterly earnings and  cut its outlook as mortgage refinancings fell and interest  rates climbed, sparking a broad sell-off in mortgage company  stocks.
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Countrywide Financial Corp.  on Wednesday posted a 47 percent drop in quarterly earnings and cut its outlook as mortgage refinancings fell and interest rates climbed, sparking a broad sell-off in mortgage-company stocks.
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Countrywide Financial Corp   posted a $1.2 billion third-quarter loss on Friday, but its  shares soared after the largest U.S. mortgage lender said it  expects to be profitable in the fourth quarter and in 2008, and  has weathered the worst of the housing downturn.
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Countrywide Financial Corp. CFC.N on  Wednesday posted a 47 percent drop in quarterly earnings and  cut its outlook as mortgage refinancings fell and interest  rates climbed, sparking a broad sell-off in mortgage-company  stocks.
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New applications for U.S. home loans  dropped more than 9 percent last week even as average 30-year  mortgage rates also eased from the previous week, an industry  group said on Wednesday.
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Countrywide Financial Corp , the battered mortgage lender being acquired by Bank of America Corp , posted a $421.9 million fourth-quarter loss on Tuesday, hurt by mounting defaults in a sinking housing market.
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The nationâs number 2 buyer and backer of home mortgages saw a 45 percent drop in second-quarter profits after setting aside $300 million to account for bad loans.