Reports surfaced that billionaire Warren Buffett may buy parts of Countrywide. Reports from the Wall Street Journal state that Countrywide’s debt-servicing and its mortgage portfolio - mortgage backed securities may be attractive to Buffett. Warren Buffett has recently been increasing his stake in financial service companies focusing on those companies with significant exposure to the mortgage market. He recently said, in a CNBC interview, that the worsening credit market could present some real investment opportunities.

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