How secure are you/spouse in current job/profession…Any need to re-locate, or seek another job…?
Countrywide Could Cut 12,000 Jobs
By JAMES R. HAGERTY, The Wall Street Journal,
Posted: 2007-09-07 19:03:10
(Sept. 7) – Countrywide Financial Corp. announced plans to reduce its work force over the next three months by 10,000 to 12,000 jobs, representing as much as 20% of the current total.
The largest U.S. home-mortgage lender also expects that its loan originations in 2008 will be about 25% lower than this year.
In a letter to employees, company executives called the current down cycle “certainly the most severe in the contemporary history of our industry.” In the letter, executives also pledged to “do whatever we can to help borrowers who are facing difficulty because it is both good business and consistent with our core values.”
I dont think there are any secure jobs anymore…………. I have worked for the largest company in the world for 17 years now……but they could tell me tomorrow that I dont have a job……. plain and simple………. its getting very scarey out there……. I think we are in for a rude awakening in the US…..
How Home Equity Loans Work How to Get the Best Home Loan Loans Information | Personal Finance
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Hangtown Foreclosure $19.95 HANGTOWN FORECLOSURE THE TRUE FACTS ARE YOU WILL NEVER GET A LOAN MODIFICATION AND THE BANKS WILL TAKE YOUR HOME BECAUSE THE SYSTEM AND LAWS ARE ON THEIR SIDE…NO ONE REALLY CARES! GET OUT!This reality homemade film exposes the TRUE STORYS and interviews of families who have been trying to get a loan modification only to find out that they are being set… |
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The Foreclosure Of America: Life Inside Countrywide Home Loans And The Selling Of The American Dream $9.99 Now in paperback-an inside look at Countrywide Home Loans and the mortgage crisis from a former mortgage lender executive. In July 2004 Adam Michaelson attended a high-level meeting at Countrywide Financial headquarters about a new loan product that would allow borrowers to pay less than their minimum monthly payment. The "finance jocks" believed that the booming housing market would only get bigger supporting homeowners in a cycle of borrowing against their houses and refinancing later. They were wrong. And when the bottom dropped out Countrywide suffered the consequences-as did millions of Americans. With an insider’s knowledge and thorough reporting on the impact on American families and the ripple effects on the economy Michaelson examines the marketing of a mirage and the bad business decisions that destroyed a company confronts the ethical questions that have arisen in the wake of the foreclosure crisis and offers creative proposals to prevent such a meltdown from ever happening again.Now in paperback-an inside look at Countrywide Home Loans and the mortgage crisis from a former mortgage lender executive. In July 2004 Adam Michaelson attended a high-level meeting at Countrywide Financial headquarters about a new loan product that would allow borrowers to pay less than their minimum monthly payment. The "finance jocks" believed that the booming housing market would only get bigger supporting homeowners in a cycle of borrowing against their houses and refinancing later. They were wrong. And when the bottom dropped out Countrywide suffered the consequences-as did millions of Americans. With an insider’s knowledge and thorough reporting on the impact on American families and the ripple effects on the economy Michaelson examines the marketing of a mirage and the bad business decisions that destroyed a company confronts the ethical questions that have arisen in the wake of the foreclosure crisis and offers creative proposals to prevent such a meltdown from ever happening again. |
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Foreclosure Of America: Life Inside Countrywide Home Loans And The Selling Of The American Dream $7.39 Now in paperback-an inside look at Countrywide Home Loans and the mortgage crisis, from a former mortgage lender executive. In July 2004, Adam Michaelson attended a high-level meeting at Countrywide Financial headquarters about a new loan product that would allow borrowers to pay less than their minimum monthly payment. The "finance jocks" believed that the booming housing market would only get bigger, supporting homeowners in a cycle of borrowing against their houses and refinancing later. They were wrong. And when the bottom dropped out, Countrywide suffered the consequences-as did millions of Americans. With an insider’s knowledge and thorough reporting on the impact on American families and the ripple effects on the economy, Michaelson examines the marketing of a mirage and the bad business decisions that destroyed a company, confronts the ethical questions that have arisen in the wake of the foreclosure crisis, and offers creative proposals to prevent such a meltdown from ever happening again.Now in paperback-an inside look at Countrywide Home Loans and the mortgage crisis, from a former mortgage lender executive. In July 2004, Adam Michaelson attended a high-level meeting at Countrywide Financial headquarters about a new loan product that would allow borrowers to pay less than their minimum monthly payment. The "finance jocks" believed that the booming housing market would only get bigger, supporting homeowners in a cycle of borrowing against their houses and refinancing later. They were wrong. And when the bottom dropped out, Countrywide suffered the consequences-as did millions of Americans. With an insider’s knowledge and thorough reporting on the impact on American families and the ripple effects on the economy, Michaelson examines the marketing of a mirage and the bad business decisions that destroyed a company, confronts the ethical questions that have arisen in the wake of the foreclosure crisis, and offers creative proposals to prevent such a meltdown from ever happening again. |
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