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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The investment bank said that private-equity investments and investment banking helped fourth-quarter profit beat Wall Street expectations.
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The country house market staged a recovery during the first half of the year following a revival of City bonuses and increasing confidence in the economy, figures showed today.
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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 said on Thursday it has lined up $12 billion of financing to help weather a housing slowdown that will lead to widespread layoffs.
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Countrywide's third-quarter earnings had investors celebrating, but what's the bigger picture?
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CALABASAS, Calif. - The stock of Countrywide Financial Corp. fell sharply Wednesday after the residential mortgage lender said a slowdown in refinancings led to a 47 percent plunge in profit for the third quarter.
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The huge loss for Countrywide Financial Corporation was not expected to hinder its $4.1 billion takeover by the Bank of America.
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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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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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NEW YORK, Jan. 10 -- Countrywide Financial shares more than doubled Thursday after reports that Bank of America was in discussions to buy the nation's largest mortgage lender.
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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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Stocks gained on Friday after a higher profit forecast by Microsoft Corp. , while an upbeat outlook by lender Countrywide Financial Corp.  eased fears about financial-sector losses.
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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  posted a $1.2 billion third-quarter loss on Friday, but its shares soared after the largest U.S. mortgage lender forecast a return to profit this quarter and said it has weathered the worst of the nationwide housing downturn.
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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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Profit at No. 4 bank rises, but misses estimates as revenue from home loans tumbles 40 percent. NEW YORK  - Wells Fargo &amp; Co.