text: Countrywide Posts 47 Pct Drop in Earnings  NEW YORK (Reuters) - Countrywide Financial Corp. on  Wednesday posted a 47 percent drop in quarterly earnings and  cut its outlook as mortgage refinancings fell and interest  rates climbed, sparking a broad sell-off in mortgage company  stocks.
inputs: Countrywide Posts 47 Pct Drop in Earnings  NEW YORK (Reuters) - Countrywide Financial Corp. on  Wednesday posted a 47 percent drop in quarterly earnings and  cut its outlook as mortgage refinancings fell and interest  rates climbed, sparking a broad sell-off in mortgage company  stocks.