December 13, 2007

Countrywide loan funding tumbles 40 percent in November (Reuters)

The Countrywide bank is seen in Lakewood, Colorado September 11, 2007. 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. (Rick Wilking/Reuters)Reuters – 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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