Countrywide cuts nearly 5,000 jobs as lendings slide

Story date: 2007-10-11 10:34:00
Added on: 2007-10-11 14:45:21

Reuters - It has overhauled its lending practices to focus on smaller, safer loans that mortgage companies Fannie Mae (FNM.N: Quote , Profile , Research ) and Freddie Mac (FRE.N: Quote , Profile , Research ) will buy. The company's struggles come amid criticism ...


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