http://www.mortgagenewsdaily.com/10262007_Countrywide_Earnings.aspCountrywide Financial Corp , the largest mortgage lender in the nation announced, before the stock marketed opened on Friday, that it is posting a loss of 1.2 billion for the third quarter of 2007 because of millions it had to set aside in loan loss provisionsenCommunityServer 2008 SP2 (Build: 31106.96)http://www.mortgagenewsdaily.com/10262007_Countrywide_Earnings.asp#8909Sat, 27 Oct 2007 11:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:8909SD MortMozilo has turned CW into the new Enron, except he will take the whole lending industry with him. He needs to be put in jail along with the CEO of any lender that originated more then 1% of their loans as Option Arms. To the brokers crying now that they gave the consumer what they wanted.....you are getting what you deserve too. Live with it and enjoy the unemployment line you deserve.<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=8909" width="1" height="1">http://www.mortgagenewsdaily.com/10262007_Countrywide_Earnings.asp#8908Sat, 27 Oct 2007 11:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:8908Ray RayProfitable Q4? Not likely. This thing has a long way to go and before its over don&#39;t be suprised if CW has gone the way of New Century and all the other subprimes. It was a special time to make money, but that time has gone. No shame in making a pile of filthy cash then closing the doors.<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=8908" width="1" height="1">