Inside the Countrywide Lending Spree
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Countrywide Financial systematically led people to high-cost mortgages that were not suited for them, some former employees say.
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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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LOS ANGELES - A former executive at mortgage lender Countrywide Financial Corp. was charged yesterday with insider trading after he sold stock before the company disclosed negative earning results three years ago, regulators said.
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New mortgage accelerator loans promise faster debt repayment.
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WASHINGTON - Countrywide Financial Corp. , the biggest US mortgage lender, fell for the fourth straight day in New York trading after regulators began an informal investigation of stock sales by chief executive Angelo Mozilo.
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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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As mortgage defaults rise, more houses are being put up for auction  -  and more people are seeing a chance to make big bucks. But there are risks
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If you're struggling  with a mortgage you got from Countrywide Financial, you may be wondering what Bank of America's takeover plan bodes for your loan.
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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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A $2 billion investment will help keep Countrywide chugging along.
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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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In less than a month, Americaâs largest mortgage lender went from Wall Street sweetheart to being seen as nearly bankrupt. What happened?
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Countrywide Financial, the nation's largest home loan lender, reported yesterday that foreclosures and late payments on mortgages in December soared to their highest levels in five years.
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- Mortgage lender Countrywide Financial Corp and housing advocacy group ACORN said they have reached an agreement to formalize workout programs to help borrowers with all types of subprime loans avoid foreclosure.
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LOS ANGELES -- Countrywide Financial Corp., the nation's largest mortgage lender, said Tuesday it swung to a loss in the fourth quarter due to rising loss provisions and impairment charges as more borrowers fell behind on mortgage payments. The earnings fell well short of Wall Street estimates.
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Amid a steady stream of headlines about turmoil in the U.S. mortgage market propelled by rising defaults of subprime loans, home buyers and owners are fast turning to traditional, long-term mortgages for home financing needs, according to a report released on Wednesday.
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Bank of America said to be in talks to buy beleaguered lender Countrywide Financial.