Countrywide projects return to profit
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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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US mortgage giant Countrywide Financial sees more than $1bn in quarterly losses - but improved forecasts send shares surging.
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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. , 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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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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Countrywide Financial Corp. , the largest U.S. mortgage lender, on Monday said it has low 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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Countrywide Financial Corp  posted a $1.2 billion third-quarter loss on Friday as the housing market slumped, but its shares soared after the largest U.S. mortgage lender projected a return to profit this quarter as it slashes jobs and regains its footing.
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Countrywide Financial Corp. , the largest U.S. mortgage lender, on Tuesday said it made 15 percent more home loans in May as the pace of refinancings increased, though the foreclosure rate doubled.
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Countrywide Financial Corp.,  the largest U.S. mortgage lender, said on Monday that  foreclosures rose to a five-year high and turmoil in the  subprime market may hurt earnings, and its shares fell.
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Countrywide Financial Corp , the largest U.S. mortgage lender, said on Tuesday second-quarter profit fell as mortgage banking pre-tax earnings declined by about half.
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Countrywide Financial Corp  is working to structure another strategic investment similar to the deal Bank of America Corp  struck last month, the New York Post reported in its online edition on Tuesday.
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Marginised success RM posted its annual reults today, showing the firm had grown profits on the back of flat revenue figures.â¦
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Forest products company Weyerhaeuser Co.  posted a quarterly profit on Friday, after a year-ago loss, helped by a one-time refund of duties and an increased profit from its real estate business.
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Countrywide Financial Corp ,  the largest U.S. mortgage lender, on Tuesday offered to  refinance or restructure up to $16 billion of adjustable-rate  mortgages through the end of 2008.
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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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WINNIPEG (CP) - Special gains from the sale of international assets helped CanWest Global Communications Corp. post a solid profit in the fourth quarter, reversing a big loss last year.
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Wells Fargo & Co. WFC.N, the No. 4  U.S. bank, on Tuesday said third-quarter profit rose, helped by  loan growth.