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The Implode-O-Meter is reporting a vicious, but oft-repeated, rumor that Countrywide is shuttering its Specialty Lending Division nationwide. You can read more about it if you’re an Implode-O-Meter premium subscriber. I can’t confirm this, although it wouldn’t be out-of-line with Countrywide’s proposed layoffs and Mozilo’s very public proclamation that Countrywide is out of subprime.
If you’ve been affected or know any more about this please leave a comment or let me know.
Last 3 posts by Morgan
- Subprime Bananas - June 28th, 2009
- Roubini: No confidence in government exit strategy - June 24th, 2009
- Goldman bonuses largest in firm's 140-year history - June 21st, 2009
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