Mortgage-Backed Security

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Countrywide Taps $11.5 Billion in Liquidity, Accelerates Move to Thrift 

Aug 16, 2007By

In perhaps the strongest sign yet of just how difficult operating in the current mortgage market has become, Countrywide said this morning that it has borrowed $11.5 billion from a group of 40 banks and that it will speed up the move of its production operations into its thrift segment, Countrywide Bank, FSB. From the press release:

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Updated 11 months ago