Sept. 7 (Bloomberg) -- Countrywide Financial Corp., the nation's biggest mortgage company, may reduce its workforce by 10,000 to 12,000 in the next three months, a 20 percent cut.
New mortgages probably will drop 25 percent in 2008 from this year's levels, the Calabasas, California-based company said in a statement today. IndyMac Bancorp, the second-biggest mortgage company, said earlier today its workforce will shrink by 1,000 jobs, or about 10 percent
The bad news keeps rolling in.
New mortgages probably will drop 25 percent in 2008 from this year's levels, the Calabasas, California-based company said in a statement today. IndyMac Bancorp, the second-biggest mortgage company, said earlier today its workforce will shrink by 1,000 jobs, or about 10 percent
The bad news keeps rolling in.
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