Countrywide to Modify $16 Billion in Loans
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The lender said it would offer refinancing or modifications in loans whose interest rates are set to adjust by the end of 2008.
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Countrywide Financial Corp. , the largest U.S. mortgage lender, on Monday said it has minimal exposure to nonprime mortgages, but may still experience fluctuating earnings in the near term due to turmoil in the U.S. subprime market.
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Similar deals are expected to follow  Bank of America Corp's  agreement on Friday to acquire  battered mortgage lender Countrywide Financial Corp  for  a knock-down price of $4 billion in stock.
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Countrywide Financial Corp  said on Thursday that mortgage loan funding tumbled 40 percent to $23 billion in November, sending its shares down nearly 4 percent before the market opened.
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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, the nationâs largest mortgage lenders, said Friday that it would lay off up to 20 percent of its workforce over the next three months.
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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 Corp , the battered mortgage lender being acquired by Bank of America Corp , on Tuesday posted a fourth-quarter loss, hurt by mounting defaults in a sinking housing market.
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Fannie Mae, the nation&#39;s largest mortgage buyer and a financial juggernaut that affects tens of millions of home buyers, agreed Monday to major changes in its accounting and management
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Bank of America Corp  said on Friday it would buy battered mortgage lender Countrywide Financial Corp  for $4 billion, a move that could avert one of the biggest collapses in the U.S. housing crisis.
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Countrywide Financial Corp.'s   debt protection costs jumped on Tuesday amid rumors about more  financial problems at the largest U.S. mortgage lender.
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Countrywide Financial Corp  said on Wednesday it funded $23.4 billion of mortgage loans in December, up 1 percent from November, and that lending activity for the quarter topped its forecast.
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Florida has subpoenaed  Countrywide Financial Corp  as part of a widening  investigation into subprime lending practices, the state's  attorney general said on Thursday.
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Countrywide Financial Corp   said on Thursday that mortgage loan funding tumbled 40 percent  to $23 billion in November, sending its shares down nearly 4  percent before the market opened.
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Countrywide Financial Corp , the largest U.S. mortgage lender, said on Thursday that its mortgage fundings slid 17 percent in August from a year earlier to $34 billion on the housing slowdown and "credit tightening in the mortgage market."
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TALLAHASSEE, Florida  - Florida has subpoenaed Countrywide Financial Corp  as part of a widening investigation into subprime lending practices, the state's attorney general said on Thursday.
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Countrywide Financial Corp, the largest U.S. mortgage lender, said on Friday foreclosures and late payments rose in January to the highest on record, reflecting the nation's deepening housing and credit crunch.