Countrywide

Sept. 8, 2007

Countrywide slashes up to 12,000 jobs – What does this mean for St. Louis real estate?

Loan originations will be 25% lower in 2008.

Countrywide_hq_2 Struggling mortgage lender Countrywide Financial Corp. announced as many as 12,000 jobs will be cut over the next 90 days.  This dramatic announcement was made via a company statement released late yesterday.

The cuts represent 20 percent of its workforce and ...

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