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Countrywide Posts Loss as Borrowers Default on Home Mortgages


http://www.bloomberg.com/apps/news?pid=20601087&s...

Bloomberg - Demand for Countrywide's loans has tumbled in what Chief Executive Officer Angelo Mozilo has called the worst housing market since the Great Depression. The company had to tap $11.5 billion in emergency credit in August. The cash shortage, record U.S ...



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October 26, 2007 05:23:00 AM
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