Speculation about a possible merger between two major U.S. mortgage lenders was neither confirmed or denied by either of the companies.
Recent Internet activity at MortgageDaily.com has indicated the possibility that California-based Countrywide Financial may be interested in acquiring the mortgage operations of franchise conglomerate Cendant Corporation.
However, neither organization would comment on the possibility.
"Our corporate policy is not to comment on any rumors of acquisitions or mergers," said a Countrywide spokeswoman.
"We never comment on speculation concerning a variety of our businesses, we never comment on rumor or speculation of the market place," said Cendant spokesman Elliot Bloom.