Countrywide posts $1.2 bln third-quarter loss
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Countrywide Financial Corp , the largest U.S. mortgage lender, posted a $1.2 billion third-quarter loss on Friday, hurt by write-downs as the U.S. housing market deteriorated.
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Freddie Mac, the No. 2 U.S. mortgage finance company, on Thursday reported an unexpected net loss of $211 million for the first quarter, citing a souring outlook for mortgage credit risk that widened credit spreads.
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MCI (MCI), one of the nation&#39;s biggest long-distance operators, lost $3.4 billion in the third quarter because of a previously announced asset writedown of $3.
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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 largest U.S. mortgage lender, 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 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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JPMorgan Chase & Co  said on  Wednesday quarterly profit fell a worse-than-expected 24  percent as the No. 3 U.S. bank lost $1.3 billion on risky  mortgages and set aside more money for rising losses on  home-equity and auto loans.
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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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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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Stocks turned sharply negative on Tuesday as shares of financial services companies slid with traders citing rumors of more financial problems at Countrywide Financial Corp , the largest U.S. mortgage lender.
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LOS ANGELES - A lawsuit filed against Countrywide Financial Corp. on behalf of its employees claims the mortgage lender failed to warn them about the depth of its financial troubles, resulting in heavy stock losses in their 401(k) retirement accounts.
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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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Pulte Homes Inc , the No. 3  U.S. home builder, posted a quarterly loss on Wednesday, on  charges topping $1 billion and said orders fell 37 percent,  reflecting the deteriorating U.S. housing market.
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Capital One Financial Corp , a  credit card issuer and banking company, posted a third quarter  net loss, hurt by charges from shuttering its GreenPoint  Mortgage business.
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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 ,  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 Thursday that mortgage loan funding tumbled 40 percent to $23 billion in November, sending its shares down nearly 4 percent before the market opened.