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.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2008
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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%.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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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.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2008
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