Countrywide Finance Issues A Warning

The New York Times reports:

after the market closed, Countrywide Financial, the nation’s largest mortgage lender, said the debt markets were “experiencing unprecedented disruptions” that could hurt its profits and financial health. The company said it planned to hold more loans on its own books because investors were not willing to buy them. At the same time, it noted that its capacity to do so was “not unlimited.”

Maybe,America's homegrown fascist institution called Fannie Mae will get even longer the mortgage market.