Countrywide Fincl loan volume falls
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NEW YORK (CBS.MW) - Countrywide Financial Corp. on Tuesday reported September loan funding of $31 billion, down 6 percent from year-ago levels and steady with August.
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Countrywide Financial Corp , the battered mortgage lender being acquired by Bank of America Corp , posted a larger-than-expected fourth-quarter loss on Tuesday, as a sinking housing market caused more borrowers to fall behind on payments.
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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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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.
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Home loan approvals in October fell to their lowest levels in nearly five years, according to figures released this morning by the Bank of England, confirming that the housing
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Countrywide Financial Corp , the largest U.S. mortgage lender, on Tuesday said quarterly profit slid 33 percent and slashed its full-year earnings outlook, hurt by rising defaults as the housing market slumps.
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Earnings from Countrywide Financial prompted concerns that the subprime loan problem is slowing growth in the U.S. economy.
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New applications for U.S. home loans fell last week after a brief bounce, as 30-year mortgage interest rates edged up, an industry group said on Wednesday.
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Mortgage lending fell 4% in September, the Council of Mortgage Lenders says - a further sign that the housing market is slowing.
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Countrywide Financial Corp ,  the battered mortgage lender being acquired by Bank of America  Corp , posted a $422 million fourth-quarter loss on  Tuesday, hurt by mounting defaults in a sinking housing market.
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Countrywide Financial Corp ,  whose shares have tumbled amid worries about the largest U.S.  mortgage lender's survival prospects, on Wednesday said it made  more loans than it expected in the fourth quarter, though  homeowner foreclosures and delinquencies rose.
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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. 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  fell last week even as average 30-year mortgage rates decreased  from the previous week, an industry group said on Wednesday.
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Countrywide Financial Corp , whose shares have tumbled amid worries about the largest U.S. mortgage lender's survival prospects, on Wednesday said it made more loans than it expected in the fourth quarter, though homeowner foreclosures and delinquencies rose.
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Applications for U.S. home loans fell  6.3 percent last week after a brief bounce in early August  spurred by a drop in mortgage rates, an industry group said on  Wednesday.
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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.