Link Details

Link Details 

Submit RSS | Latest Links | Top Hits | 
 
News Finder » Listing Details
ID: 36058
Title: Countrywide loses $893 million in 1Q on rising loss reserve (AP)
Description:

In this Oct. 26, 2007 file photo, the exterior view of a Countrywide banking and loan office in San Mateo, Calif is shown. Countrywide Financial says it lost $893 million during the first quarter due to a sharp increase in its provision for loan losses, Tuesday, April 29, 2008. The Calabasas, Calif.-based mortgage lender says it lost $1.60 per share, during the first quarter.  (AP Photo/Paul Salkuma, file)AP - Countrywide Financial Corp., the nation's largest mortgage lender and servicer, said Tuesday it lost $893 million during the first quarter due to a sharp increase in its provision to gird against unpaid home mortgage loans amid a deepening housing downturn.


Category: Business/Company Earnings/
Link Owner:
Date Added: April 29, 2008 03:00:51 PM
Number Hits: 0