mortgage lender

Countrywide Corp. Faces FBI Investigation

Glenn R. Simpson and Evan Perez, Wall Street Journal, report that the Federal Bureau of Investigation is probing subprime lender Countrywide Financial Corp. for possible securities fraud. Another potential issue facing the company is whether it has been candid in its accounting for losses.

Vested Interest: 
No vested interest
Stock Symbol: CFC COUNTRYWIDE FNL C Stock Price: $4.94 Todays Change: -0.03 (-0.60%)

BofA-Countrywide Deal Not Merger, But Split

All their current problems arise out of the tanking of their banking business, since investors no longer have the confidence to make deposits, or even keep existing deposits with Countrywide...So what should be the solution?

Vested Interest: 
No vested interest
Stock Symbol: CFC COUNTRYWIDE FNL C Stock Price: $4.94 Todays Change: -0.03 (-0.60%)