Mortgage Meltdown
Countrywide Rises Despite Loss
Countrywide Financial swung to a huge loss during its third-quarter, but investors were just glad that it wasn’t worse . . . Countrywide and other lenders are reeling as borrowers default on their loans at higher rates. The spiking defaults have forced Countrywide to lay off thousands of employees and line [...]
Posts tagged as:
Joshua Dorkin
Charles Feldman
Ted Karsch.
