calabasas

Freddie Mac woes may hit Countrywide

A giant loss at the government-chartered company may curb the Calabasas lender's ability to make loans. Countrywide Financial Corp. survived the first phase of the mortgage meltdown this summer thanks in part to a $2-billion investment from Bank of America.

Countrywide shares drop on report of more trouble

Shares of mortgage giant Countrywide Financial Corp. fell for a sixth straight session Tuesday on a report that the Calabasas company again was running short on cash.

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