Real Estate Forums - View Single Post - Countrywide Stock Falls to 13 year low...

San Diego Real Estate · 03-11-2008, 08:25 AM

Countrywide Financial Corp. is under the eye of the FBI

Yesterday CFC (NYSE) shares dropped 14 percent to a 13-year low on following reports that the largest U.S. mortgage lender was being investigated by the FBI for possible securities fraud.

This fall came even though BOA says the purchase of the troubled CFC transaction is still on track.

We have started to see tighting in our local San Diego market due to the troubled CFC.

I think this without a doubt is going to be another major hit to the entire Real Estate & Mortgage Industry.

03-11-2008, 08:25 AM	#1 (permalink)
San Diego Real Estate Status: Administrator Join Date: Apr 2005 Posts: 2,083	Countrywide Stock Falls to 13 year low... Countrywide Financial Corp. is under the eye of the FBI Yesterday CFC (NYSE) shares dropped 14 percent to a 13-year low on following reports that the largest U.S. mortgage lender was being investigated by the FBI for possible securities fraud. This fall came even though BOA says the purchase of the troubled CFC transaction is still on track. We have started to see tighting in our local San Diego market due to the troubled CFC. I think this without a doubt is going to be another major hit to the entire Real Estate & Mortgage Industry. __________________ For professional San Diego real estate agents, contact the Advantage VIP Dream Team for all of your San Diego real estate needs today. Specializing in Rancho Santa Fe and Tulsa Real Estate!