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
Read...Related Headlines
- Refinancing: What Should You Know Before Applying for Loan Modification?s Rich Cousinposted 113 weeks ago on Blown Mortgage
- Loan Modifications: Three Mistakes That Will Cost Youposted 141 weeks ago on Blown Mortgage
- Loan Modifications Can Drop Your Credit Score by More Than 100 Pointsposted 113 weeks ago on Blown Mortgage
- HAMP, Way Out For Delinquent Borrowers And Those Without Fannieposted 137 weeks ago on Blown Mortgage
- Loan Modification or Debt Consolidation, what are the choices?posted 141 weeks ago on Blown Mortgage
- Loan Modifications Short Guide To Success Part 2 ? The Guideposted 127 weeks ago on Blown Mortgage
- Creative Ways a Loan Modification Lowers Your Monthly Paymentsposted 136 weeks ago on Blown Mortgage
- Loan Refinance Simple Answers: Profitable Refinancing and Underwater Loansposted 137 weeks ago on Blown Mortgage
- Unemployment Home Loans, Are They A Real Alternative To Loan Modificationsposted 114 weeks ago on Blown Mortgage
- Loan Modifications And Balloon Payments What Is The Costposted 134 weeks ago on Blown Mortgage