(Reuters) - Meanwhile the cost to insure debt of Countrywide Financial Corp. , the largest U.S. mortgage company, surged as investors fretted over the rising rate of late payments.
"There's continued nervousness about how credit market problems will effect these companies," said Richard Sichel, who helps manage $1.5 billion as chief investment officer at Philadelphia Trust Co. "They're worried that there might be more bad news ahead."
Read more at Reuters.com Hot Stocks News
"There's continued nervousness about how credit market problems will effect these companies," said Richard Sichel, who helps manage $1.5 billion as chief investment officer at Philadelphia Trust Co. "They're worried that there might be more bad news ahead."
Read more at Reuters.com Hot Stocks News
No comments:
Post a Comment