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.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top