-->Countrywide Financial Corp.headed for bankruptcy? Another mega savings and loans bail out?
Peter Oberois
Aug. 10, 2007

That will confirm the real financial meltdown. Mortgage bankers are now scare to loan against any real assets. Countrywide, the largest mortgage banker in the country now faces ``unprecedented disruptions'''' that may crimp profit, suggesting a credit crunch that started with the U.S. subprime market will spread.

The company is facing difficulty obtaining financing from creditors. The liquidity crunch is real. Investors have stopped buying loans made to the riskiest borrowers, leaving hedge funds, banks and securities firms unable to find accurate prices for their holdings. Simply put, the risky credit does not....

http://www.indiadaily.com/editorial/17795.asp


Countrywide Says `Unprecedented Disruptions' May Hurt Profit


Aug. 10 (Bloomberg) -- Countrywide Financial Corp., the biggest U.S. mortgage lender, said it faces ``unprecedented disruptions'' that may crimp profit, suggesting a credit crunch that started with the U.S. subprime market will spread.

Countrywide won't be able to sell as many of its loans as expected because investor demand has dried up, the Calabasas, California-based company said in a filing with the U.S. Securities and Exchange Commission. It also said it may have difficulty obtaining financing from creditors. Shares of the company fell as much as 13 percent in after-hours trading.

http://www.bloomberg.com/apps/news?pid=20601087&sid=awWmNtGguiq0&refer=home

-->Das ganze auf Deutsch

Der größte US-Immobilienfinanzierer Countrywide Financial Corp hat die derzeitigen Marktbedingungen am US-Zweitmarkt für Hypothekenkredite als “beispiellos schlecht” beschrieben. Die Marktbedingungen veränderten sich rasch, und die Folgen für das Unternehmen seien “unbekannt”, teilte Countrywide mit, die im vergangenen Jahr Einnahmen von mehr als 11 Mrd USD erzielt hatte. Das Unternehmen können wegen der Marktbedingungen weniger Immobilienkredite an Investoren weiterverkaufen und müsse sie deshalb behalten.
<ul> ~ http://blog.zeitenwende.ch/2007/08/10/countrywide-spricht-von-beispiellosen-stoerungen/</ul>