Industry News

Countrywide reports 28% decline in profits

U.S. mortgage lender posts uncharacteristic drop
Published on Jul 26, 2005

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by CareyBot

Countrywide Financial Corp. today reported a 28 percent decline in its second-quarter profit over the second quarter of 2004 after it sold fewer loans to investors and mortgage banking profit fell by nearly half. The company reported consolidated net earnings ...

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