Subprime Giant Admits "Mistakes"

msnbc.msn.com — Steve Bailey, chief executive for loan administration at Countrywide Financial Corp., told a Senate panel that the company's employees have made mistakes "from time to time." But he disputed accusations, made by hundreds of borrowers, that the company has sought to collect inflated fees and other payments by filing inaccurate bankruptcy documents. The Justice Department is currently investigating the accusations.

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