Industry News

Countrywide reportedly laying off workers in Alt-A division

Full Spectrum Lending unit may be targeted for cuts
Published on Aug 20, 2007

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by CareyBot

Countrywide Financial Corp. has begun laying off an unspecified number of workers in its Full Spectrum Lending unit, the Wall Street Journal reported, citing an e-mail sent Friday to employees of the division. The unit handles Alt-A mortgages, which Countrywide ...