Is Countrywide collapsing?

Uncategorized November 20th, 2007

It certainly looks that way. According to AP

Shares of Countrywide Financial Corp., the nation’s largest mortgage lender, sank more than 14 percent Tuesday amid concerns that troubles at government-backed mortgage banks could squeeze mortgage lenders’ access to funding.

The company’s shares fell $1.50, or 14.2 percent, to $9.07 in afternoon trading. At one point, the stock had dropped to a low of $8.21. Over the past 52 weeks, the stock price has ranged between $10.25 and $45.26.


One Response to “Is Countrywide collapsing?”

  1. national corp Says:

    […] to buy National City Corp. for about $5.2 billion in stock after receiving U.S. Treasury funds. …Is Countrywide collapsing? : National BubbleNews and commentary about the excesses of the American culture, the Bailout culture, Real Estate […]

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