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Man, this one makes my head spin: Countrywide Financial says it is rolling out 50-year subprime loans to pick up market share from battered subprime lenders. I know people are living longer these days, but wow.

Reuters, reporting from a Wall Street conference, says Countrywide CEO Angelo Mozilo unveiled plans for new reverse mortgage products and 50-year-subprime loans, and also said Countrywide plans to add 2,000 sales jobs this year.

Relatedly: San Diego-based subprime lender Accredited Home Lenders says it will be late in filing its first-quarter results, and will report a ‘significant loss.’ Accredited said Friday it had cut 1,300 jobs in the first quarter.