Countrywide seeks to block abuse inquiry

Article Abstract:

Seeking to prevent a Justice Department probe into alleged mistreatment of bankrupt homeowners, Countrywide Financial Corp. claims the agency exceeds its powers in an issue that may have industry-wide repercussions. Article discusses the mortgage bank's recent losses, foreclosures, rate of delinquency, and other related legal cases.

Legal issues & crime, Financial management, United States, Company legal issue, Finance, Investigations, United States. Department of Justice, Foreclosure, Company financing, Countrywide Financial Corp., CFC

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Credit squeeze pressures U.K. mortgage providers

Article Abstract:

Subprime lending defaults in the U.S. have negatively impacted U.K. mortgage banks despite their limited direct exposure. Wholesale borrowing expenses increased, and higher housing prices and interest rates curbed new home loan demand. Shares of large British mortgage providers fell between 3.8% and 4.2%.

Securities issued, listed, Economic aspects, Influence, Securities, Company securities

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Mortgage firm Alliance posts 41% net-profit loss

Article Abstract:

Mortgage bank Alliance & Leicester PLC announces a 41% drop in net profit to $500.7 million in 2007. Article discusses present and future conditions in the U.K.'s mortgage lending market.

Strategy & planning, Sales, profits & dividends, Sales & consumption, Planning, Alliance & Leicester PLC, Company sales and earnings, Company earnings/profit, Company business planning, Industry sales and revenue, Industry forecasts, Financial report

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