Countrywide (CFC) To Open Down 14%

August 16, 2007 by Douglas A. McIntyre

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

Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE

Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here
you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.


Click here
to match with up to 3 financial pros who would be excited to help you make financial decisions.