Countrywide loses $893 million in 1Q on rising loss reserve Countrywide Financial Corp. said Tuesday it lost $893 million in the first quarter, as rising loan defaults amid a deepening housing downturn forced the nation's largest mortgage lender and servicer to sharply increase its provision for loan losses and book other credit-related charges. 29 Apr 2008
BofA to expand efforts to help Countrywide borrowers Bank of America Corp. says it will expand efforts to help Countrywide Financial Corp. borrowers avoid foreclosure on trouble mortgages. The announcement came Monday as members of the Federal Reserve Board began two days of public hearings on Bank of America's proposed $4.1 billion stock deal for Calabasas, Calif.-based Countrywide. 28 Apr 2008
Wall Street looks for cues from Federal Reserve meeting What a difference six weeks makes. Right before the last Federal Reserve meeting, investors were worried about the global banking system imploding. Now, investors are betting the credit markets are on the mend and Wall Street is looking forward to an economic recovery. 27 Apr 2008
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Wall Street looks for cues from the Federal Reserve What a difference six weeks makes. Right before the last Federal Reserve meeting, investors were worried about the global banking system imploding. Now, investors are betting the credit markets are on the mend and Wall Street is looking forward to an economic recovery. 27 Apr 2008
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Fed to hold public hearings on BofA-Countrywide deal Consumer advocates nervous about Bank of America Corp.'s proposed takeover of troubled mortgage lender Countrywide Financial Corp. are pressuring the bank to provide assurances that Countrywide borrowers facing foreclosure won't lose their homes. 27 Apr 2008
Group opposes North Dakota hunting proposal Game preserve owners are campaigning against a proposed North Dakota ballot measure that would eliminate so-called high-fence hunting, saying a ban would violate their property rights. 24 Apr 2008