On Deadline

Credit Union Journal, The, January, 2008

Countrywide’s Shares Continue To Fall CALABASAS, Calif.–Shares of Countrywide Financial Corp., the nation's largest mortgage lender, plunged last week after the company denied rumors that it was planning to file for bankruptcy protection. Countrywide shares, in a free-fall the past eight months, fell more than 28% yesterday to $5.47, after sinking to a 52-week low of $5.05. That’s down from a 52-week high of $45.90. In a prepared statement, the company said there was "no substance to the rumor that Countrywide is planning to file for bankruptcy, and we are not aware of any basis for the rumor that any of the major rating agencies are contemplating negative action relative to the company."

PSCU-FS Donates $50K To NACUSO’s New Center

NEWPORT BEACH, Calif.–The...

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