countrywide: Shotgun Wedding? Bank of America Values Countrywide Between Zero and $2.00 - 05/05/08 12:49 PM
BofA is not my favorite lending institution at the moment. Not ever, actually. They inked a deal last year to buy Countrywide. Today comes news on Bloomberg that the $7 per share that was to have been paid has been reduced to somewhere between Zero and $2.00 a share. The deal … (21 comments)
countrywide: Bear Bites Bear, Stearns. What's Under the Covers? - 03/16/08 11:21 PM
For eighty-five years, the investment bank that is now Bear, Stearns has grown and prospered. Consider how far it has fallen:April, 2007: Bear, Stearns stock sold for $159., it's 52 week high at that point.March, 2008: Bear, Stearns stock was selling for $70. last week, before rumors of its liquidity problems … (21 comments)
countrywide: Countrywide's Portfolio of Loans is the Ugly Duckling... - 03/03/08 08:52 PM
...with little hope of becoming a beautiful swan. While companies like AmNet (American Mortgage Network) were busy originating 100% loans in the form of 80/20s and Pick-a-Pays, it was Countrywide who was buying and servicing the loans. That portfolio, a beautiful swan in 2005, has become the industry's biggest ugly duckling. Late payments on option … (24 comments)
countrywide: Countrywide Still Has Power to Move Markets - 10/29/07 10:51 AM
Here's a short list to put a smile on your face. Stock markets worldwide rallied on news from Countrywide Financial that the worst is over for them in the subprime mortgage crisis. Search "Countrywide" on Bloomberg this morning, and the results will touch every corner of the globe.
Among the markets … (22 comments)
countrywide: Countrywide Financial: Where is the Other Shoe? - 08/13/07 10:39 PM
More on liquidity (or lack thereof) in the world's credit markets: Aegis Mortgage Corp. filed for bankruptcy in the US, and Countrywide's stock closed today at $26.61, a loss of nearly 4.5% in a day. In aftermarket trading, it continues to fall.
On the other side of our interactive globe, the fallout … (8 comments)
countrywide: Countrywide Crisis Could be Your Crisis - 08/10/07 09:07 AM
Countrywide is in crisis. My AE, normally johnny-on-the-spot returning calls, didn't return my calls yesterday.
Pay close attention to what happens today--Friday, August 10--as it will affect REALTORS and lenders alike.
The Federal Reserve just a few days ago decided not to ease interest rates. The Fed target rate is 5.25%, … (22 comments)
countrywide: COUNTRYWIDE: SCARE 'EM TO THE TABLE! - 07/25/07 09:07 PM
A survey out this morning says that Mortgage Brokers (and loan officers) are avoiding subprime loan originations. That's too bad, because the need will not dry up and blow away, even if the product is in short supply.
What the subprime mess needs is Originators who look out more for the interest … (0 comments)
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BofA is not my favorite lending institution at the moment. Not ever, actually. 
