Friday, August 17, 2007

Countrywide takes out $11B liquidity loan (Arizona Daily Star)

LOS ANGELES The credit mess forced Countrywide Financial Corp., the nation's largest mortgage lender, to borrow $11.5 billion on Thursday, shocking financial markets already reeling from the growing credit crunch and threatening to make home loans harder to get.

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[Source: Yahoo! News Search Results for home equity loan]

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