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10/28/07
Mortgage firm posts a loss of $1.2 billion
Filed under: General, Mortgages
Posted by: Lillian Wong @ 2:45 pm

LOS ANGELES - Countrywide Financial Corp. lost $1.2 billion in the third quarter, but its shares soared Friday after the nation’s largest mortgage lender said it expects to be profitable this quarter and next year. It was Countrywide’s first quarterly loss in 25 years.  More…

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