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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: Countrywide

Countrywide stories: 27 news summaries

21 - 27 of 27 Stories | << Prev 1 2

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World Markets Climb After Countrywide Stock Sale

US futures also up
as worries cool

Aug 23, 07 9:21 AM CDT
(Newser) - Markets climbed worldwide after Bank of America invested $2 billion in Countrywide, giving the mortgage lender a desperately needed injection of cash and proving some appetite is left as subprime mortgages continue to rot. Barclays in the U.K., Mitsubishi in Japan, and Countrywide itself in Europe all saw major... More »

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Bank of America • mortgage • futures market • Asian markets • Countrywide • European markets

Bank of America Bails Out Countrywide

Lender avoids disaster as bank buys $2 billion in cut-rate shares

Aug 23, 07 6:34 AM CDT
(Newser) - Countrywide came back from the brink yesterday as Bank of America bought $2 billion in preferred stock in the mortgage company, writes the Los Angeles Times. Countrywide's share price soared in after-hours trading, only a week after the credit crunch brought it to the point of bankruptcy. More »

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Bank of America • bankruptcy • subprime mortgages • stock • Countrywide • credit crisis

Buffett Turns Wall Street's Frown
Upside Down

Star investor hunts
for lucrative bargains

Aug 21, 07 3:43 PM CDT
(Newser) - Wall Street may be seeing red after weeks of volatility and losses, but Warren Buffett is seeing green as he goes bargain-hunting for the same kind of junk bonds and stocks that have netted him nearly $50 billion, the Journal reports. Downtrodden deal-makers are hoping the star investor will use... More »

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private equity • Wall Street • Warren Buffett • subprime mortgages • Countrywide • Berkshire Hathaway • junk bonds

Countrywide Cuts 500 Jobs

Fallout from subprime crisis continues

Aug 21, 07 10:54 AM CDT
(Newser) - The nation's top home lender is cutting 500 jobs in its subprime mortgage units in response to the high-risk-lending mess. Before the cuts announced yesterday, Countrywide was actively hiring workers who had been fired from other companies, the LA Times reports. Meanwhile, Capital One said it will close the unit... More »

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subprime mortgages • Greenpoint • home loans • Countrywide • Capital One • Washington Mutual

Credit Crunch Hits Bond Market

Tight corporate borrowing could slow economy

Aug 20, 07 3:36 AM CDT
(Newser) - Ripples from the credit crisis have reached the corporate bond market—threatening to slow down the economy by seriously limiting the ability of major corporations to borrow money for new projects,  the Washington Post reports. Credit problems have already begun to bite into the future plans of Hertz, ... More »

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Federal Reserve • General Electric • money • Johnson and Johnson • US economy • Home Depot • Countrywide • bond market • Deere and Co • Wal-Mart

Loan Giant Downgraded to 'Sell,' Faces Bankruptcy

Top US mortgage lender caught in the squeeze

Aug 16, 07 7:44 AM CDT
(Newser) - Loan giant Countrywide saw its shares plummet 13% yesterday after the company experienced trouble borrowing money in the market for short-term debt. A Merrill Lynch analyst downgraded the stock from "buy" to "sell," sparking talk of possible bankruptcy, reports the LA Times. Before today's open, the company... More »

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stock market • bankruptcy • subprime mortgages • Merrill Lynch • loans • US economy • home loans • credit market • Countrywide

Countrywide Reeling From Mortgage Woes

No. 1 mortgage company warns investors  of 'unprecedented disruptions'

Aug 10, 07 5:42 AM CDT
(Newser) - The nation's largest mortgage lender has warned that troubles in the subprime credit market have led to "unprecedented disruptions" that will hurt their bottom line. The Los Angeles Times reports that Countrywide is steeling its investors for bad news: in a suddenly illiquid market the already-troubled company has been... More »

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investors • subprime mortgages • United States • mortgage • market • Countrywide

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