Finance
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WSJ: Countrywide Begins Layoffs
Aug 20, 2007The Wall Street Journal is reporting today that Countrywide is beginning to reduce staffing in an effort to weather what now appears to be an extended downturn in the mortgage credit market: The layoffs occurred in the company’s Full Spectrum Lending unit, which handles many home mortgages in a category known as Alt-A, or mortgages between prime and subprime that often involve borrowers who don’t document their income …
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Radian Taps Half of Credit Facility
Aug 20, 2007 -
Weekend Mortgage Market Roundup, and My Own Thoughts on Where This is Headed
Aug 19, 2007 -
Credit Suisse Looks to Pull Servicing Contract from American Home
Aug 17, 2007 -
Schumer: If Regulators Won’t Move on GSE Cap, Congress Will
Aug 17, 2007 -
NovaStar Halts Wholesale (Again), Cuts 37 Percent of Workforce; Includes Head of Wholesale Ops
Aug 17, 2007 -
Countrywide Rallies on Rate Cut; Worried Depositors Pull Out Cash
Aug 17, 2007 -
Fed Cuts Discount Rate
Aug 17, 2007 -
National City To Cut Jobs as it Merges Home Equity, Mortgage Operations
Aug 16, 2007 -
Federal Banking Regulators Offer Up Illustrations to Help Compliance with Subprime Guidance
Aug 16, 2007 -
Senior Managers From American Brokers Conduit Helping Displaced Employees
Aug 16, 2007 -
Bear Stearns Cuts 240 Jobs in Two Mortgage Units
Aug 16, 2007
