Skip navigation
Watchlist Sponsored By :


Current DateTime: 01:03:10 11 Jul 2009
LinksList Documentid: 24355697
  • Highest Grossing Movies

      What are the highest grossing movies of all time, adjusted for inflation? Click ahead to find out!

  • Most Expensive Places To Live

      Each year, Mercer Consulting assembles its ranking of the most expensive places to live. Mercer compiles information from 143 cities worldwide.

  • Recession-Resistant US Cities

      Some cities have been hit much harder than others during the recession. Here are the metro areas faring the best.


Current DateTime: 01:03:10 11 Jul 2009
LinksList Documentid: 24890560
  • Boom, Bust and Blame

      The inside story of the economic crisis that has gripped the entire world.

  • E3: Gaming's Cutting Edge

      North America's premier computer and video game trade show draws tens of thousands of professionals to experience the future of interactive entertainment.

  • The Fall of GM

      A look into the fall of General Motors as the automaker heads toward bankruptcy and an effective nationalization.

Countrywide Says It Has Ample Liquidity, Capital
By: Reuters | 20 Nov 2007 | 04:22 PM ET
Text Size

Countrywide Financial, the largest U.S. mortgage lender, said its management believes the company has ample liquidity and capital.

In a statement, Countrywide said it had $35.4 billion in ''highly reliable liquidity'' available at Oct. 31, 2007, up from $33.6 billion available at September 2007.

Further, Countrywide said it "will be a beneficiary of ongoing mortgage market consolidation.''

Countrywide shares had plummeted as much as 22 percent Tuesday on speculation the mortgage lender was running short of cash. But the stock [CFC  Loading...      ()   ] recovered to finish 2.74 percent lower at $10.28.

Countrywide last month posted a $1.2 billion third-quarter loss but said it expected to be profitable in the fourth quarter and in 2008. The company has said it is cutting up to 12,000 jobs as it focuses on safer loans less likely to default.

The Calabasas, Calif.-based company has also shifted much of its lending to its banking unit, which it said is less reliant on capital markets for funding to conduct ordinary operations.

Copyright 2009 Reuters. Click for restrictions.
Tools:
Print EmailAdd This share icon


Current DateTime: 03:50:00 10 Jul 2009
LinksList Documentid: 29778428

Current DateTime: 01:04:09 10 Jul 2009
LinksList Documentid: 29779196

Current DateTime: 06:35:27 10 Jul 2009
LinksList Documentid: 29779199

Current DateTime: 01:07:48 10 Jul 2009
LinksList Documentid: 29779198
CNBCCNBC
About CNBC  |  Site Map  |  Privacy Policy  |  Terms of Service  |  Video Reprints  |  Advertise  |  Help  |  Contact
Partners: AOL Money  |  BloggingStocks.com
CNBC is a Division of NBC Universal
  Data is a real-time snapshot *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
Thomson ReutersThomson Reuters