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01/12/08
Countrywide sees spike in overdue loans
Filed under: General, Mortgages
Posted by: Lillian Wong @ 11:51 am

LOS ANGELES - Countrywide Financial Corp., its stock pummeled this week by rumors of bankruptcy and lackluster housing-market forecasts, said Wednesday the percentage of borrowers who missed payments on home loans last month rose, signaling worsening trouble for the nation’s largest mortgage lender and for the entire mortgage sector.  More…

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