January 8, 2008

Countrywide stock plummets (AP)

The Countrywide bank is seen in Lakewood, Colorado September 11, 2007. The home loan unit of Countrywide Financial Corp, the largest U.S. mortgage lender, is under investigation by Illinois' attorney general over dubious lending practices, The New York Times reported on Thursday. (Rick Wilking/Reuters)AP – Shares of Countrywide Financial Corp., the nation’s largest mortgage lender, plunged Tuesday after the company denied rumors that it was planning to file for bankruptcy protection.

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