Countrywide chairman, chief executive and president Angelo Mozilo told investors on Feb. 25 that the company has met with regulators and is confident that it is using a conservative approach in valuing its mortgage servicing rights.Referencing a report issued earlier that day that indicated regulators would be stepping up their examinations of large servicing shops due to runoff concerns, Mr. Mozilo reassured investors during a Webcast forum that the company's valuations are in line with regulatory goals. He added that the company's MSR valuations have been more cautious than those of its peers. Countrywide can be found online at http://www.countrywide.com.
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