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Countrywide swings the axe
Looks like the nation's biggest mortgage lender is getting smaller. The Wall Street Journal reports this morning that Countrywide Financial has started laying people off, citing an internal e-mail sent Friday by a senior official at the company. We don't know yet how many people are losing their jobs, but the cuts are reportedly in the Full Spectrum unit which handles loans between prime and subprime.
Posted on August 20, 2007 6:09 AM PT | Permalink
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