Countrywide Financial Corp. (CFC) is in the Financial Services Industry

• Sort by
• View by Content Type
• View Related Content by Tag

• Countrywide Falls on Worry Over B of A Merger

  NEW YORK (Reuters) - Countrywide Financial Corp (CFC) shares fell nearly 6 percent on Friday on renewed speculation that Bank of America Corp (BAC) will renegotiate or cancel its agreement to buy the largest U.S. mortgage lender. The second-largest U.S. bank agreed in...

  News items 2008-05-09

  Tags: Mergers & Acquisitions, Investment, Countrywide Financial Corp., Bank of America Corp., merger, stock, New York, agreement, investor, equity, analyst, Thomson Reuters Corp., bank

• Legg Mason Posts First-ever Loss

  By Muralikumar Anantharaman BOSTON (Reuters) - Legg Mason Inc (LM) posted on Tuesday a wider-than-expected quarterly loss, the U.S. money manager's first loss ever, as it took a big charge related to a bail-out of money market funds exposed to risky securities and...

  News items 2008-05-06

  Tags: Asset management, Investment, Financial accounting, Legg Mason Inc., quarterly loss, Boston, equity, asset, Thomson Reuters Corp., S&P 500, Balanced Scorecard, earnings, analyst, net income, performance, security, financial, stock

• Analysts Say BofA May Lower Countrywide Deal Price

  By Tenzin Pema BANGALORE (Reuters UK) - At least two analysts said Bank of America (BAC) will likely lower its purchase price for Countrywide Financial (CFC), with Friedman, Billings Ramsey analyst saying the bank may bring down its deal price to the $0 to $2...

  News items 2008-05-05

  Tags: Bank Of America Corp., Analyst, Financial Accounting, Financial Services, Investment, Finance, Bank of America Corp., Countrywide Financial Corp.

• Analysts Say BofA May Lower Countrywide Deal Price

  By Tenzin Pema BANGALORE (Reuters) - At least two analysts said Bank of America Corp (BAC) will likely lower its purchase price for Countrywide Financial Corp (CFC), with Friedman, Billings Ramsey analyst saying the bank may bring down its deal price to ...

  News items 2008-05-05

  Tags: Financial accounting, Financial services, Investment, Countrywide Financial Corp., Bank of America Corp., Friedman Billings Ramsey, S&P, deterioration, purchase price, mortgage company, Bangalore, banking operation, analyst, adjustment, equity, bank, Thomson Reuters Corp

• Countrywide Said Junk Rating Would Hobble Business

  NEW YORK (Reuters) - Even as it prepares to be acquired by Bank of America Corp (BAC), Countrywide Financial Corp's (CFC) descent to a "junk" credit rating could hinder its ability to make loans and collect deposits, the mortgage company has...

  News items 2008-05-02

  Tags: Financial accounting, Countrywide Financial Corp., deposit, S&P, mortgage company, Bank of America Corp., financing, agency, New York, Thomson Reuters Corp., bank

• BoA Says No Assurance on Countrywide Debt: Filing

  NEW YORK (Reuters) - Bank of America (BAC), which said it would buy Countrywide Financial Corp (CFC) in January, said there was no assurance any of the mortgage lender's outstanding debt would be redeemed, assumed or guaranteed, according to a regulatory...

  News items 2008-05-02

  Tags: Countrywide Financial Corp., Bank of America Corp., mortgage company, regulatory filing, bank, New York, Thomson Reuters Corp.

• Countrywide, GMAC Post Big Losses on Mortgages

  By Jonathan Stempel NEW YORK (Reuters) - Countrywide Financial Corp (CFC) and GMAC LLC, which run the largest independent U.S. mortgage lenders, posted big first-quarter losses on Tuesday, hurt by credit problems as the nation's housing slump deepens. Lenders are writing down mortgages...

  News items 2008-04-29

  Tags: Mortgages, Investment, Financial accounting, GMAC LLC, Countrywide Financial Corp., borrower, General Motors Corp., Bank of America Corp., mortgage, consumer credit, banking, finance, insurance, payment, quarterly loss, volatility, capital market, Thomson Reuters Corp., Ne

• GMAC Posts Loss on Mortgage Woes

  By Jonathan Stempel NEW YORK (Reuters) - Finance company GMAC said on Tuesday its first-quarter loss nearly doubled as more customers fell behind on mortgage payments, and warned that it might not be profitable until well into 2009, later than expected. The loss...

  News items 2008-04-29

  Tags: Financial accounting, Investment, Cerberus Capital Management, Countrywide Financial Corp., General Motors Corp., Bank of America Corp., quarterly loss, finance, CFO, New York, liquidity, asset, Thomson Reuters Corp., private equity, CEO, insurance, job, newsletter

• Countrywide Posts Loss as Bad Loans Soar

  By Jonathan Stempel NEW YORK (Reuters) - Countrywide Financial Corp (CFC), the largest U.S. mortgage lender, posted a surprisingly large $893.1 million first-quarter loss on Tuesday, taking more than $3 billion of charges for write-downs and bad loans as the housing...

  News items 2008-04-29

  Tags: Countrywide Financial Corp., mortgage company, Beverly Hills, payment, California, U.S., Thomson Reuters Corp., CEO, industry

• Bank of America Net Falls on Credit Losses

  By Jonathan Stempel NEW YORK (Reuters) - Bank of America Corp (BAC), the largest U.S. retail bank, posted a 77 percent decline in quarterly profit on Monday, as a growing number of consumers and real estate developers failed to repay loans. Profit dropped...

  News items 2008-04-21

  Tags: Bank of America Corp., Michigan, Chicago, ABN AMRO, bank, franchise, J.P. Morgan Chase & Co., Detroit, automated teller machine, acquisition, agreement, U.S., New York, Thomson Reuters Corp., asset, job, industry, network

• Bank of America Net Down 77 Pct on Credit Losses

  By Jonathan Stempel NEW YORK (Reuters UK) - Bank of America Corp (BAC), the largest U.S. retail bank, posted a 77 percent decline in quarterly profit on Monday, as a growing number of consumers and real estate developers failed to repay loans. Profit dropped for a...

  News items 2008-04-21

  Tags: Bank, Bank Of America Corp., Credit Card, Bank of America Corp., Citigroup Inc., Countrywide Financial Corp., J.P. Morgan Chase & Co., National City Corp., Wachovia Corp., Washington Mutual Inc.

• Is the Countrywide Board Voting With Its Feet?

  Former U.S. Secretary of Housing and Urban Development Henry Cisneros resigned from the board of the embattled Countrywide Financial Corp. this week, the third director to leave the board this year. Cisneros said he was leaving to spend more time as chairman of a firm that provides financing to U.S....

  Blog posts 2007-10-26

  Tags: Corporate governance, William J. Holstein, Henry Cisneros, board, Angelo Mozilo, Countrywide Financial Corp.

• Case Study: How Countrywide Financial Manages 3.4 Million Faxes Per Month

  With its mission-critical and time-sensitive faxes numbering over 3.4 million each month, Countrywide Financial Corp. needed a reliable solution for delivering, tracking, and monitoring those documents. Download this Instant InfoSystems case study to learn more about Countrywide's e-document delivery challenges and how the RightFax solution from Captaris has enabled the...

  Case studies

  Tags: Instant InfoSystems, Countrywide Financial Corp., fax, monitoring

Additional Resources

• Countrywide admits errors

  WASHINGTON -- Mortgage lender Countrywide Financial Corp., which is under investigation for inflating certain borrowers' fees, acknowledged Tuesday that it has made errors and pledged to take steps to improve its operations. Steve Bailey, chief executive for loan administration at Countrywide, told a Senate panel that the...

  Articles 2008-05-07

• Countrywide Executive Addresses Senate Subcommittee

  - Describes Initiatives to Help Troubled Borrowers Keep Their Homes - WASHINGTON, May 6 /PRNewswire-FirstCall/ -- Steve Bailey, Senior Managing Director of Loan Administration for Countrywide Financial Corporation , today testified before the Senate Judiciary Subcommittee on Administrative Oversight and the Courts. Highlights of his written...

  Articles 2008-05-06

• Biggest U.S. Mortgage Lenders

  DALLAS, May 5 /PRNewswire/ -- First quarter mortgage originations tumbled from a year earlier but were better than the fourth quarter, according to an analysis of earnings data by http://www.mortgagedaily.com/. Among 14 of the largest U.S. primary lenders, residential volume was $370.6 billion during the first quarter...

  Articles 2008-05-05

• Fitch Places Countrywide On Rating Watch Evolving

  NEW YORK -- Fitch Ratings has placed all ratings of Countrywide Financial Corporation (CFC) on Rating Watch Evolving, removing them from Rating Watch Positive. The Rating Watch Evolving reflects further disclosure surrounding Bank of America's (BAC) treatment of CFC debt following the acquisition. While Fitch continues to believe that BAC's...

  Articles 2008-05-05

• Countrywide Corp. loses $893 million

  LOS ANGELES -- Countrywide Financial Corp. said that it lost $893 million in the first quarter, as rising loan defaults amid a deepening housing downturn forced the nation's largest mortgage lender and servicer to sharply increase its provision for loan losses and book other credit-related charges. The...

  Articles 2008-05-01

• Bank of America, Countrywide Announce $35 Million Package to Aid Distressed Homeowners and Communities

  Direct grants and investments part of companies' efforts to preserve neighborhoods and help families stay in homes CHARLOTTE, N.C., May 1 /PRNewswire/ -- Bank of America and Countrywide Financial Corporation today provided additional details regarding the $35 million neighborhood preservation and foreclosure prevention package announced last week...

  Articles 2008-05-01

• Countrywide Reports 2008 First Quarter Results

  - Net Loss of $893 Million - - Profitability in Loan Production Sector, MSR Investment, and Balboa Life & Casualty Business Offset by $3 Billion in Credit-Related Charges - - Board Announces $0.15 Dividend - CALABASAS, Calif., April 29 /PRNewswire-FirstCall/ -- Countrywide Financial...

  Articles 2008-04-29