NEW YORK – Mortgage lender Countrywide Financial Corp. (NYSE: CFC) said Monday its 2003 earnings, while up sharply from a year ago, would miss Wall Street expectations, and its shares fell.
Shares of the Calabasas, California-based company were trading at $67.50 in premarket, after closing at $72.04 on Friday on the New York Stock Exchange.
Countrywide, which enjoyed strong growth as low interest rates spurred demand for home loans, said new loan applications were down in December from November as interest rates rose.
For this complete story, please visit Countrywide Says it will Miss 2003 Analyst Estimates.
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