A fourth-quarter $422 million loss reported by Countrywide Financial Corp. on Tuesday did not appear to scare off Bank of America. ...more

January 30, 2008

The bank branch on the corner might be changing names - again. Get set for the next wave of consolidation that could sweep through the nation's banking industry this year. Chief executives at some of the top regional players might be mulling deals to salvage businesses pummeled by the subprime mortgage market's collapse. ...more

January 12, 2008

Countrywide Financial Corp., its stock pummeled this week by rumors of bankruptcy and lackluster housing market forecasts, said Wednesday the percentage of borrowers who missed payments on home loans rose last month, signaling worsening trouble for the nation's largest mortgage lender and the entire mortgage sector. ...more

January 10, 2008

Shares of Countrywide Financial Corp., the nation's largest mortgage lender, sank to an all-time low Tuesday as a major home builder offered a grim outlook for the industry and amid signals that the Bush administration is growing more concerned about rising mortgage defaults. ...more

January 9, 2008

The CEO of Fannie Mae, the largest financer and guarantor of U.S. home loans, predicted Tuesday that the housing market downturn is likely to persist into 2010. ...more

January 9, 2008

The CEO of the country's biggest mortgage lender says greater government intervention is needed to rescue the U.S. housing market as his peers warn the worst is yet to come. ...more

December 4, 2007

The U.S. Trustee has launched an inquiry into Countrywide Financial Corp.'s claims against two South Florida borrowers seeking bankruptcy protection to determine whether actions of the nation's largest mortgage lender "threatened an abuse of the bankruptcy system." ...more

November 29, 2007

Wall Street sold off sharply Monday as concerns about a weakening credit market wiped out investors' enthusiasm about strong retails sales during the holiday weekend. The Dow Jones industrial average fell nearly 240 points. ...more

November 27, 2007

Countrywide Financial Corp. lost $1.2 billion in the third quarter, but its shares soared Friday after the nation's largest mortgage lender said it expects to be profitable this quarter and next year. ...more

October 27, 2007

Countrywide Financial Corp., the nation's largest mortgage lender, said Tuesday that it will begin calling borrowers to offer refinancing or modifications on $16 billion in loans with interest rates set to adjust by the end of 2008. ...more

October 24, 2007