Reuters: Countrywide posts loss as bad loans soar

[chris]

Countrywide posts loss as bad loans soar
      

NEW YORK (Reuters) - Countrywide Financial Corp , the largest U.S. mortgage lender, posted a surprisingly large $893.1 million first-quarter loss on Tuesday, taking more than $3 billion of charges for write-downs and bad loans as the housing slump deepens.
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