Mortgage - Free Calculators

Countrywide To Cut As Many As 12000 Jobs

The nation's largest home lender Countrywide Financial Corporation said it plans to cut up to 12,000 jobs, 20 percent of it's workforce, over the next three months. Most of the job cuts will take place in areas most affected by lower origination volumes. Countrywide said that it expects its 2008 loan originations to be about 25% lower than 2007.

Countrywide also stated that it will...