Tuesday, January 8, 2008

Countrywide Financial denies bankruptcy rumors (Reuters)



The Countrywide bank is seen in Lakewood, Colorado September 11, 2007. The home loan unit of Countrywide Financial Corp, the largest U.S. mortgage lender, is under investigation by Illinois' attorney general over dubious lending practices, The New York Times reported on Thursday. (Rick Wilking/Reuters)Reuters - Countrywide Financial Corp on
Tuesday denied market speculation it might seek bankruptcy
protection, after shares of the largest U.S. mortgage lender
slid to their lowest level in nearly eight years.




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