Countrywide Financial Corp. declined to comment late Tuesday on published reports that said it is working on a "strategic investment" with a possible suitor.The company said, "Regarding media reports today about Countrywide Financial Corp., it is the company's policy not to comment on market rumors." A few weeks ago, Bank of America invested $2 billion in CFC, bolstering its liquidity. Countrywide said it has already taken "decisive steps to address the challenges arising in this environment and thereby enable Countrywide to meet its funding needs and position the company for continued growth and success." Meanwhile, according to new filings with the Securities and Exchange Commission, three different financial institutions recently slashed their ownership stakes in Countrywide. The three include: AXA Financial, Barclays Global Investors NA, and Legg Mason Capital Management. Until recently, the three were the largest institutional investors in CFC. Countrywide can be found online at http://www.countrywide.com.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
11h ago -
In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
11h ago -
The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
April 18 -
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
April 18 -
But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
April 18 -
The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
April 18