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Mortgage brokers say Countrywide bankruptcy would be ‘devastating’

posted 68 weeks ago on Mortgage Insider

Register reporter Jeff Collins reports ... Leaders of state and national mortgage broker associations said today that Countrywide's financial problems show how widespread the credit crunch has become, affecting solid companies and threatening major disruptions in the availability of home loans. "It's a sad day when a great company (like) Countrywide is on the brink of disaster," [...]

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