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Countrywide Stocks during the
CFC
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Countrywide has dropped in value by 42% since last year due to fears of a crashing mortgage market among other factors. Recently, they received a lifeline showing that investors didn't lose complete hope for Countrywide (cited below). Although the stocks haven't really made much of a move since that announcement, Countrywide will pick up within a few months. The sub-prime market has been really shitty recently, but adjustments are being made daily. There have also been talks of increasing the max loan amount for a Fannie Mae loan from 417k to somewhere in the 600k range as loans in stat< />< /><>< />< /><><><>...
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Countrywide Injection Eases Credit Crunch Fears
CFC
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The market got a nice boost at the open, although as of this writing it is fading a bit. Last night, Bank of America (BAC) said it made a $2 billion investment in Countrywide (CFC). The news helped to ease some of the fears about the current credit crunch. It also emboldened overseas buyers, who sent the markets in Asian sharply higher across the board.
This morning, the Fed has injected another $17 billion of reserves into the system. But the financial stocks arent' really responding. This has some wondering if the strategy is working, and if the Fed will in fact cu...
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Was Merrill Analyst on Countrywide 'Irresponsible'?
CFC
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<>In his interview on CNBC today, Countrywide (cfc) CEO Angelo Mozilo said the analyst at Merill Lynch who put a "sell" on his company was "irresponsible" and not unlike yelling "fire in a crowded theater." Sorry, Angelo, you are wrong. The analyst, who used to work at Countrywide, was merely doing his job. At that point there was no telling what would happen to Countrywide -- a public company. The analyst's obligation was to his clients, not to Countrywide's customers or the image of Countrywide. That he switched from a "buy" to a "sell" before upgrading again just shows how fast-moving th...
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Does Countrywide's Mozilo Have a Right To Call Someone Else
CFC
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I find it amusing that Countrywide's (NYSE: CFC) CEO Angelo Mozilo is out saying the Merrill Lynch analyst was "irresponsible" for mentioning a worse case scenario 'bankruptcy' in his 08/15 downgrade of the company. Let's look how "irresponsible" Mozilo has been: 1. Giving loans to people who could never pay them back. 2. Telling the world how great your company is and how much you would
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Warren Buffett Speculation Talk on what he's buying video
CFC
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With 47 billion in cash, what is Warren Buffett buying? "Countrywide (CFC) makes some sense because you'll recall the early 90s in California, he bought Wells Fargo (WFC) stock. And Wells Fargo is a huge lender, as you know, in California. At that time, you had the savings and loan crisis. The worst thing you could say was 'real estate loan.' Banks were in trouble and he bought the stock.
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A short term short
- For a short term investment, which stock is a good one to short?
I was thinking CFC, but i am hesitant that investors are going to cover their shorts a
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About Countrywide Financial Corp
- Answers.com
