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Essay

Countrywide Business Proposal

Essay specific features

 

Issue:

Business

 

Written by:

Stephanie M

 

Date added:

May 16, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1496

 

Was viewed:

8042 times

 

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Essay content:

One financial company that has been in the news more often than others is Countrywide Financial Corporation (CFC). CNNMoney.com reported on March 13, 2008 that while delinquency rates fell from 7.47% in January 2008 to 7.44% in February, foreclosures continue to rise ( This paper will focus on the financial problems facing Countrywide and recommendations for actions the lender should take to improve its financial status...
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“The nation’s largest residential mortgage lender, with a market share of 17%, said its foreclosure rate almost doubled in January from the same month a year ago” (Muolo, 2008). The dependent variable in this situation is Countrywide’s profits and market share. The company’s profit is declining along with their market share with the increase in defaults...
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