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From: ravenseye	10/27/2007 10:16:57 PM
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Countrywide takes huge hit, ends quarter $1.2 billion in red BY GREGORY J. WILCOX, Staff Writer Article Last Updated: 10/26/2007 11:59:52 PM PDT Click photo to enlarge«12» CALABASAS - Countrywide Financial Corp. lost $1.2billion in the third quarter as its mortgage business took a huge hit from the credit crisis and home sales slump, the company said Friday.... dailynews.com ...Countrywide, the nation's biggest mortgage lender, said last month that it was cutting up to 12,000 jobs.... ...Mozilo also defended his slew of stock trades and confirmed an informal probe of his actions by the Securities and Exchange Commission....

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