Free Credit Check

This article was originally on a blog post platform and may be missing photos, graphics or links. See About archive blog posts.

Monday night update: The LATimes reports Countrywide is laying off 550 workers: ‘One person close to the company told The Times that Countrywide was laying off 500 employees in Chandler., Ariz., where it has a major operations center, and 50 underwriters in the San Fernando Valley.’

Previous post: Good morning. The Wall Street Journal reports that layoffs have begun at Countrywide Financial. The Journal doesn’t say how many jobs have been trimmed, and Countrywide has not confirmed the report.

CNBC.com: ‘The job cuts occurred in the company’s Full Spectrum lending unit, according to the Journal, which handles many home mortgages known as ‘Alt-A’ ... As of June 30, Full Spectrum’s sales force numbered 6,785, according to a filing with the U.S. Securities and Exchange Commission, accounting for more than a third of Countrywide’s roughly 18,100 loan origination staff.’

Comments? Insights? Email story tips to lalandblog@yahoo.com.
Photo Credit: Reuters