Strong Numbers for Mortgage Banker Countrywide - 2004-01-27
Mortgage banker Countrywide Financial, surfing a tidal wave of mortgage refinancings, posted a 121% gain in fourth-quarter profit Tuesday.
The California-based lender earned $564 million, or $2.74 a share, up from $255 million, or $1.45 a share, a year ago. The nation's third-largest mortgage lender exceeded the Thomson First Call consensus estimate by 3 cents a share.
Read the full story at TheStreet.com