Jan 08 2008
Countrywide Asks For Halt To Bankruptcy Probe
Countrywide Financial, the largest U.S. mortgage lender is asking a federal judge to stop an investigation into whether the company overstated how much it is owed by bankrupt homeowners. Countrywide has fallen more than 9% in the last session, down 82% over the past year as the company has reported problems within the subprime mortgage markets, as well as and rising mortgage defaults and foreclosures.
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Original post by Admin