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Countrywide mortgage news | ||||
Countrywides Profit Falls as Mortgage Demand Wanes Jan. 30 (Bloomberg) -- Countrywide Financial Corp., the biggest U.S. mortgage lender, said fourth-quarter profit fell 2.7 percent and forecast that weaker home sales will keep 2007 profit at the low end of analysts estimates. Countrywides Profit Falls 2.7 Percent as Mortgage Demand Wanes Jan. 30 (Bloomberg) -- Countrywide Financial Corp., the biggest U.S. mortgage lender, said fourth-quarter earnings fell 2.7 percent as a cooling housing market damped demand for home loans. Countrywide Bracing for Borrowers Woes Countrywide Financial Corp., the biggest U.S. mortgage lender, said Tuesday it expects some people who bought homes during the recent boom years in the housing market to have trouble repaying mortgage loans in 2007 amid slumping sales. Countrywide Projects Tough 2007 Countrywide Financial Corp., the large independent mortgage lender, said on Tuesday that 2007 results will be hurt by an increase in borrower delinquencies and continued credit deterioration as the housing market continues to struggle. Countrywide earnings drop amid bleak outlook Countrywide Financial , the US mortgage lender, on Tuesday offered a bleak outlook for its core business in 2007 as it reported a worse-than-expected performance in the fourth quarter. Countrywide 4Q Profit Falls Countrywide Financial Corp., the largest U.S. mortgage lender, on Tuesday said a decline in loan activity and credit quality caused fourth-quarter results to miss Wall Street expectations. Countrywide misses on profits Largest U.S. mortgage lender projects that 2007 earnings will fall short of forecasts. Ahead of the Bell: Countrywide, BofA Most analysts expect Countrywide Financial Corp.s stock to give back Fridays 4.2 percent gain as investors realize that Bank of America Corp. wont buy the mortgage lender. Rumors swirl around BofA, mortgage lender Speculation that Bank of America may be looking to merge with Countrywide Financial Corp., the nations largest mortgage lender, had the banking world abuzz Monday. But credit-card industry analysts said an alliance between the Calabasas, Calif.-based Countrywide and the Charlotte, N.C.-based bank would have little impact on Bank of Americas Delaware-based credit-card operations. Bank of America and Countrywide Financial Discuss Alliance Charlotte, N.C.-based Bank of America [BoA | ||||