To celebrate the company's new name and ticker symbol, executives of Countrywide Financial Corporation rang the bell to open trading on the New York Stock Exchange Wednesday morning.The company, formerly Countrywide Credit Industries, now trades under the symbol CFC on the NYSE. Stanford Kurland, Countrywide's executive managing director and chief operating officer, told MortgageWire that the change reflects growth in Countrywide's diversification businesses, including its commercial bank, its securities operation, and the insurance segment of its business. "Certainly, we want to open the eyes of the investor community to our diversification," he said.
-
The serial entrepreneur, who also created Rapid Reporting and American Transfer & Trust, plans to remain active in industry causes, a LinkedIn post said.
September 18 -
Almost 45% of buyers received a seller concession this summer, while more than 15% saw a reduction in the asking price to go along with it, according to Redfin.
September 18 -
With 55% of homeowners planning to renovate rather than relocate, demand for home improvement capital will be strong even if the purchase market slows further.
September 17 -
Last week's bond market turmoil continued leading up to the FOMC decision on Wednesday, pushing the 30-year fixed to near or over 7%, depending on the source.
September 17 -
The Securities and Exchange Commission said Rule 14a-8 exceeds its statutory authority and intrudes on matters of state law. Shareholder advocacy groups, however, argue that repealing the rule could reduce transparency.
September 17 -
Brian Johnson's nomination to lead the Consumer Financial Protection Bureau advanced to the full Senate Thursday morning in a party-line vote.
September 17










