Industry News

Countrywide rushes out December numbers

Loan fundings up, but so are delinquencies, foreclosures
Published on Jan 9, 2008

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by CareyBot

As rumors of an impending bankruptcy continued to hammer the company’s stock, Countrywide Financial Corp. published statistics on December loan production a few days earlier than expected. The report — which showed better-than-forecast loan fundings of $23.5 billion but a ...