Original sentence: Countrywide Financial was cited as a possible bankruptcy risk by Merrill Lynch in an analyst note issued August 15, 2007.In 2007 it because apparent much of this interest had become uncollectable.Its shares fell $3.17 to $21.29, which was its biggest fall in a single day since the crash of 1987 - the shares have fallen 50% so far this year.One additional problem for Countrywide is the firm was forced to restate income it had claimed from accrued but unpaid interest on "exotic" mortgages where the initial pay rate was less than the amortization rate.The stock has lost 50% in 2007.This combined with news that its ability to issue new commercial paper might be severely hampered put severe pressure on the stock
Edited sentence: Bankruptcy is no longer a forseeable possibility.However, most other investors say Countrywide is the only mortgage stock anybody should be buying.However, this is not the case as Countrywide has liquidity for at least another 5 years, with no investor help.With a portfolio of 1.4 trillion (U.With interest rates lowered and the drive of Countrywide Bank, Countrywide is remaining strong in a tough market.dollars), Countrywide remains one of the strongest companies in the United States