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

Countrywide Financial Corp., the nation's largest mortgage lender, said Tuesday it will begin calling borrowers to offer refinancing or modifications on $16 billion in loans whose interest rate is set to adjust by the end of 2008. Its shares fell more than 4 percent. ...more

October 23, 2007

Countrywide Financial Corp. said Thursday that it had boosted its borrowing capacity by $12 billion, as the mortgage lender struggles to weather the slowdown in the housing market. ...more

September 14, 2007

Stocks advanced solidly Thursday, led by strong gains among the blue chips and mortgage lender Countrywide Financial Corp., which signaled a possible thawing in the credit markets with the announcement it had lined up additional financing. ...more

September 14, 2007

Treasury Secretary Henry Paulson said Wednesday that the turbulence in financial markets will take some time to be resolved, especially in the area of subprime mortgages. ...more

September 13, 2007

It's hard to know how scared to be if you don't know the size of the threat. No, not terrorism, housing. ...more

September 4, 2007