The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: ChanceIs who wrote (80218)	6/26/2007 5:16:00 PM
From: CalculatedRisk	Read Replies (2) of 306849

Rumors are flying that CFC offices were raided. No confirmation, but I found this story ... Countrywide falls on rumors of subprime probe reuters.com NEW YORK, June 26 (Reuters) - Countrywide Financial Corp. (CFC.N: Quote, Profile, Research) shares fell while the cost to insure its debt rose on speculation Tuesday that the largest U.S. mortgage lender may be involved in a government investigation related to subprime loans. Rick Simon, a Countrywide spokesman, declined immediate comment. A report on theflyonthewall.com indicated that Countrywide shares were down on "unconfirmed chatter of a subprime loan investigation." Countrywide is based in Calabasas, California.

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