By Marcie Geffner, Monday, September 3, 2007. Countrywide, Countrywide, Countrywide.
That was the mantra for real estate stocks in August as the giant mortgage banking company took investors on a roller-coaster ride. Shares opened Aug. 1 at $27.22 and closed 30 days later at $19.85, a loss of 27 percent.
Countrywide's widely reported ups and downs seemed to overshadow positive developments at smaller IndyMac Bank. more...