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Concept information

social science subjects > business and management > business ethics > cases in business ethics > Countrywide Financial Corp.

Terme préférentiel

Countrywide Financial Corp.  

Définition

  • 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.]

Concept générique

Appartient au groupe

URI

http://data.loterre.fr/ark:/67375/N9J-B7RTQS7T-6

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