Countrywide (CFC) To Open Down 14%

Print Email

Couuntrywide (CFC) could help drive the market down a lot at the open. The shares are off 14% before the bell, trading at $18.29.

According to Reuters, CFC said "it is drawing down an entire $11.5 billion credit facility to bolster its liquidity, as a shortage of credit weighs on the mortgage industry."

Douglas A. McIntyre