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Countrywide Business Proposal

Countrywide Business Proposal

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Title: Countrywide Business Proposal

Essay Details:

Subject: Business

Author: George V

Date: June 15, 2015

Level: University

Grade: A

Length: 5 / 1496

Essay text:

One financial company that has been in the news more often than others is Countrywide Financial Corporation (CFC). CNNMoney.com reported on March 13, 2008 that while delinquency rates fell from 7.47% in January 2008 to 7.44% in February, foreclosures continue to rise ( This paper will focus on the financial problems facing Countrywide and recommendations for actions the lender should take to improve its financial status. Countrywide’s foreclosure rates have increased due to loan defaults by consumers. “The nation’s largest residential mortgage lender, with a market share of 17%, said its foreclosure rate almost doubled in January from the same month a year ago” (Muolo, 2008)...

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