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Showing 11 - 20 of 37 results for "Countrywide"

Market Wrap - Morning

AAP  |  TUESDAY, 6 MAY 2008
... YORK - US stocks ended lower on Monday on worries that Bank of America Corp may walk away from buying troubled lender Countrywide Financial Corp, while oil jumped to an intraday record above $120 a barrel. Based on the latest available data, the Dow ...

Market Wrap - Morning

AAP  |  TUESDAY, 22 APR 2008
... Street Journal reported Bank of America Corp plans to invest $2 billion in preferred stock issued by mortgage lender Countrywide Financial Corp. During the regular session, hopes for a Federal Reserve interest-rate cut persisted as they have since last ...

Market wrap - midday

AAP  |  WEDNESDAY, 21 NOV 2007
... crisis. Freddie Mac, the second-largest US mortgage finance company, on Tuesday posted a wider third-quarter loss while Countrywide Financial Corp shares dropped over 20 per cent to their lowest levels in seven years on rumours it could file for bankruptcy ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 21 NOV 2007
... lower earlier in the day by mortgage financer Freddie Mac, which posted a large third quarter loss. Fellow lender Countrywide plummeted over 20 per cent on rumours it could file for bankruptcy protection, which were later denied by the company. According ...

Sub-prime Godzilla tramples Japan

SUZY MAC  |  THURSDAY, 15 NOV 2007
... another cut. However, the downward US housing spiral is getting pretty spectacular, with absolute house prices, the countrywide average, falling for the first time since the great depression of the 1930s. In its first credit crunch post-mortem - the ...

Market Wrap - Morning

AAP  |  MONDAY, 29 OCT 2007
... rallied on Friday after Microsoft's upbeat outlook boosted the three major indices and a profit forecast from lender Countrywide Financial buoyed the struggling financial sector. Stocks extended their gains as the weekend approached, in a sign investors ...

Market Wrap - Morning

AAP  |  FRIDAY, 14 SEP 2007
... after a broker upgraded investment banks, McDonald's Corp boosted its dividend by 50 per cent, and biggest lender Countrywide Financial Corp said it had obtained $12 billion of additional financing. The Dow Jones industrial average rose 133.23 points ...

Market Wrap - Midday

AAP  |  FRIDAY, 24 AUG 2007
... shed 68 points to 6117 on a volume of 6,615 contracts. US stocks fell as the head of the largest US mortgage company, Countrywide Financial Corp, said the housing slump could trigger a recession. The comments squashed an earlier rally and drove down ...

Market wrap - morning

AAP  |  FRIDAY, 24 AUG 2007
... ordinaries gained 152.3 points to 6149.7. NEW YORK - US stocks fell as the head of the largest US mortgage company, Countrywide Financial Corp, said the housing slump could trigger a recession. The comments squashed an earlier rally and drove down financial ...

Market Wrap - Morning

AAP  |  FRIDAY, 17 AUG 2007
... strength of a rebound in beaten-down bank and brokerage stocks. Earlier, investor confidence had taken a blow from Countrywide Financial Corp. The biggest US mortgage lender said it had to draw down an entire $US11.5 billion bank credit line after it ...