Countrywide announced the migration closing of 16 wholesale fulfillment centers in a consolidation move in the wholesale channel. While I wouldn't call it winding down, they definitely are a) responding to reduced demand and b) moving to the retail-centric strategy that is kicking butt for Bank of America and surely being evangelized/driven-down by the new ownership.
From Countrywide:
Dear Valued Business Partner:
Thank you once again for your valued business and continuing support of Countrywide®, America's Wholesale Lender®. Despite the widespread change that our industry has faced over the past year, one thing remains constant ? Countrywide's commitment to providing responsible lending solutions to ensure that more Americans have the opportunity to achieve and p
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