Countrywide Denies Rumors of Bankruptcy
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Shares of the Countrywide Financial Corporation plunged 28.4 percent after it denied rumors that it was planning to file for bankruptcy protection.
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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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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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Shares tumbled late in the day after AT&Tâs chief  suggested consumers might be cutting back and Countrywide Financial denied it was tumbling into bankruptcy.
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Countrywide Financial Corp , the largest U.S. mortgage lender, said on Thursday that it had lined up $12 billion of secured financing to help cope with a housing slowdown that has reduced loan demand and will lead to widespread layoffs.
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Countrywide Financial Corp., its stock pummeled this week by rumors of bankruptcy and lackluster housing market forecasts, said Wednesday the percentage of borrowers who missed payments on home loans last month rose, signaling worsening trouble for the nation's largest mortgage lender and for the entire mortgage sector.
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Interstate Bakeries, the maker of Wonder Bread, Hostess Twinkies and other baked goods, denied conjecture that it would be filing for bankruptcy.
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LOS ANGELES, Jan. 27 -- Countrywide Financial chief executive Angelo R. Mozilo, under fire over the size of his potential payout from the proposed sale of his troubled mortgage company, says he is forfeiting $37.5 million in severance pay, fees and perks he was scheduled to receive upon retirement.
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Bank of America said to be in talks to buy beleaguered lender Countrywide Financial.
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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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LOS ANGELES -- Countrywide Financial Corp. lost $1.2 billion in the third quarter, but its shares soared Friday after the nation's largest mortgage lender said it expects to be profitable this quarter and next year.
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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  said on Wednesday it helped more than 81,000 borrowers stay in their residences and avert possible foreclosures in 2007, by either modifying or otherwise restructuring their home loans.
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Countrywide Financial, the troubled lender that became a symbol of the excesses that led to the subprime mortgage crisis, is negotiating a sale to Bank of America.
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LOS ANGELES, Oct. 25  â An investment group affiliated with labor unions has called on Countrywide Financial, the struggling mortgage lender, to let shareholders play a role in nominating a successor to Henry G. Cisneros on the companyâs board.
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U.S. stocks ended higher on Thursday following news Bank of America  is in advanced talks to buy struggling mortgage lender Countrywide Financial Corp .
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Shares of Countrywide Financial Corp., the nation's largest mortgage lender, sank to an all-time low Tuesday as a major homebuilder offered a grim outlook for the industry