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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (22632)	2/1/2005 10:30:48 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

when does the current contract end for GM & F?

To: Elroy Jetson who wrote (22632)	2/2/2005 8:43:24 AM
From: mishedlo	Respond to of 116555

Countrywide Financial Q4 earnings fall 26% By Steve Gelsi NEW YORK (MarketWatch) -- Countrywide Financial (CFC: news, chart, profile) on Wednesday reported fourth-quarter net earnings of $343 million, or 56 cents per share, down 26 percent from $465 million, or 94 cents per share in the year-ago period. Pre-tax earnings in the mortgage banking segment were $220 million, down from $680 million. The Calabasas, Calif. financing firm was expected to earn 80 cents per share, according to a survey of analysts by Thomson Financial. The company cited a higher tax rate, a substantial flattening of the bond yield curve, a tightening of mortgage-swap spreads and a reduction in interest rate volatility. The company also cited a charge in its insurance segment related to hurricane losses in Florida of 4 cents per share. Shares rose $1.03 to $38.03 on Tuesday.