Countrywide posts $1 billion-plus loss
Battered mortgage lender Countrywide Financial Corp. sets aside $934 million for loan losses and write-downs.
Countrywide Financial Corp., the battered mortgage lender, posted a billion-dollar loss in the third quarter and set aside hundreds of millions of dollars for loan-loss provisions and write-downs.
The Calabasas, Calif.-based company posted a net loss of $1.2 billion, or $2.85 per share, for the thi
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