Concept information
Preferred term
Countrywide Financial Corp.
Definition
- Countrywide Financial Corporation (also known as Countrywide Mortgage or Countrywide Home Loans) was the largest underwriter of U.S. residential home loans in 2004, originating roughly one out of every five U.S. mortgages. When shareholders learned that its portfolio was loaded with risky mortgages in 2008, the company's stock collapsed. [Source: Encyclopedia of White-Collar and Corporate Crime; Countrywide Financial Corp.]
Broader concept
Belongs to group
URI
http://data.loterre.fr/ark:/67375/N9J-B7RTQS7T-6
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