Premium Company Profile - Countrywide Financial Corporation
Premium Company Profile - Countrywide Financial Corporation - New Research Report on Companies and Markets
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12.11.2008 21:28:02 www.companiesandmarkets.com adds new report - Premium Company Profile - Countrywide Financial Corporation
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Introduction
Countrywide Financial Corporation (Countrywide Financial or ‘the company’) offers real estate finance and related activities in the US. The company signed an agreement to be acquired by Bank of America in 2008. This profile offers a comprehensive review of the company’s operations and performance.
Scope
Contains corporate strategy, value chain presence and SWOT Analysis
Provides detailed business description, segment analysis, 5-year financial
trends, key products and key competitors
Includes information on suppliers/ partners, shareholding structure and key employees with biographies
Highlights
Countrywide Financial is one of the largest independent residential mortgage lending firms in the US. The company has been focusing on diversifying its revenue stream for some years. It started its banking segment after the acquisition of Treasury Bank in 2001.
Countrywide Financial has considerable exposure to the subprime home loan market. The company already recorded a net loss of more than $1 billion in the third quarter of 2007. Provision for loan losses reached almost $1 billion in the third quarter of 2007, as compared to less than $40 million in the third quarter of 2006.
The company has responded decisively and taken adequate steps to address the current challenging mortgage market environment. In the third quarter of 2007, the company significantly tightened its loan program and underwriting guidelines, and began the process of right-sizing its operations.
Reasons to Purchase
Access all the important information and analysis on the company in a single report
Understand company’s strengths, weaknesses, opportunities and threats along with business strategy and value chain
Gain access to company’s adjusted five year financial data along with key ratios and market capitalization
Introduction
Countrywide Financial Corporation (Countrywide Financial or ‘the company’) offers real estate finance and related activities in the US. The company signed an agreement to be acquired by Bank of America in 2008. This profile offers a comprehensive review of the company’s operations and performance.
Scope
Contains corporate strategy, value chain presence and SWOT Analysis
Provides detailed business description, segment analysis, 5-year financial
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Includes information on suppliers/ partners, shareholding structure and key employees with biographies
Highlights
Countrywide Financial is one of the largest independent residential mortgage lending firms in the US. The company has been focusing on diversifying its revenue stream for some years. It started its banking segment after the acquisition of Treasury Bank in 2001.
Countrywide Financial has considerable exposure to the subprime home loan market. The company already recorded a net loss of more than $1 billion in the third quarter of 2007. Provision for loan losses reached almost $1 billion in the third quarter of 2007, as compared to less than $40 million in the third quarter of 2006.
The company has responded decisively and taken adequate steps to address the current challenging mortgage market environment. In the third quarter of 2007, the company significantly tightened its loan program and underwriting guidelines, and began the process of right-sizing its operations.
Reasons to Purchase
Access all the important information and analysis on the company in a single report
Understand company’s strengths, weaknesses, opportunities and threats along with business strategy and value chain
Gain access to company’s adjusted five year financial data along with key ratios and market capitalization
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