Blog > US Stocks and Markets > Something good is happening at Countrywide (CFC)? Really?
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Something good is happening at Countrywide (CFC)? Really?

Posted May 30, 2008

“There is an interesting trend occurring at the bank - one that bodes well for banks and the economy as a whole.” — Karim Rahemtulla

by Karin Rahemtulla

Baltimore – (TFN): It’s one of the most important companies in America today…

But like any company, it’s got its share of pros and cons. For example…

Pro: It holds the position of the largest private, non-governmental originator of mortgages in the U.S.

Con: It also holds the dubious distinction of being one of the most blatant issuers of subprime paper.

I’m talking about Countrywide Financial (CFC: NYSE) - the much-beleaguered bank and mortgage company. And there is an interesting trend occurring at the bank - one that bodes well for banks and the economy as a whole… Read on to learn more.

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