Countrywide to Get Dual Listing

Published January 12, 2004, 3:00 p.m. EST

1 Min Read

Countrywide Financial Corp., Calabasas, Calif., has announced that it will become one of the first companies to receive dual listings on the New York Stock Exchange and the NASDAQ Stock Market."We believe dual listing will encourage competition between the two markets and their respective trading systems, and that this can ultimately benefit shareholders," said Angelo R. Mozilo, Countrywide's chairman and chief executive officer. Other companies participating in the dual-listing program are: Hewlett Packard, Charles Schwab, Walgreens, Apache Oil, and Cadence.

Processing Content

For reprint and licensing requests for this article, click here.

MORE FROM NATIONAL MORTGAGE NEWS

Mortgages

Matt Jones nominated by White House to be FHA commissioner

It will be a promotion for Jones, currently the deputy assistant secretary for single-family housing at the Department of Housing and Urban Development.

By Brad Finkelstein
Originations Editor

1h ago
Builder lending units can turn to FHA to help finance homes

The Federal Housing Administration share of August new-home purchase applications hit its highest mark in three months, the Mortgage Bankers Association said.

By Spencer Lee
Technology Reporter

1h ago
Monetary policy

Warsh's push to pare back Fed communications has real limits

While Federal Reserve Chair Kevin Warsh has sought to inject some mystery into the central bank's communications with markets, an American Banker analysis shows that officials other than the chair have been speaking more and more frequently over the last few decades.

By Kyle Campbell
Staff writer

2h ago
Secondary markets

IMBs need to watch HELOC securitization costs as banks enter

More depositories are getting involved in the securitized market and the competition is likely to add to expense management challenges of smaller balance loans.

By Bonnie Sinnock
Capital Markets Editor

September 14
Fraud

Rising seller impersonation fraud risk a worry for lenders

Seller-impersonation attempts more than doubled in two years, with artificial intelligence providing fraudsters new tools to commit crimes, a report said.

By Spencer Lee
Technology Reporter

September 14
Originations

Preapproval key as buyers near sweet spot in a tough market

Homebuyers who are preapproved have the best opportunity to take advantage of fall discounts, giving lenders an opportunity to roll out marketing around this.

By Colin McNamara
Reporter

September 14

Load More