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Strategies & Market Trends : Anthony@Pacific & TRUTHSEEKER Expose Crims & Scammers!!!

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From: ravenseye	9/7/2007 9:33:44 PM
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Bloodbath At Countrywide Posted by: Chris Palmeri on September 07 Countrywide, the nation’s largest and recently most-embattled mortgage lender, announced it was laying off as many as 12,000 people today, roughly one-fifth of its 61,000-strong workforce.... businessweek.com ...Countrywide’s 2,500-person Home Retention Division helped keep 35,000 delinquent customers in their homes this year. The way things are going though, some of those delinquent borrowers now turning to Countrywide for help may be former employees. More Layoffs in Mortgage Industry By THE ASSOCIATED PRESS Published: September 7, 2007 Lehman Brothers Holdings and the National City Corporation said yesterday that they would lay off more than 2,000 workers as the banks scale back their struggling mortgage businesses.... nytimes.com IndyMac CEO to propose 50% dividend cut; layoffs seen Last Update: 11:34 AM ET Sep 7, 2007 DOW JONES NEWSWIRES Indymac Bancorp Inc.'s (IMB:IndyMac Bancorp Inc) top executive said he plans to recommend the company slash its quarterly dividend by 50% as the nation's second-largest independent home lender deals with the ongoing credit crunch. The firm is also planning to cut some 10% of its work force in the coming months.... marketwatch.com

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