Countrywide Communicates to Brokers After Earnings

Here is the email we received from Countrywide after its 3rd quarter earnings were released. I think that in general Countrywide may have survived this round, but is far from out of the woods. The letter below seems like every other press piece put out by Countrywide; but what do I know? Of particular note is the investment in Countrywide by Bank of America and the latter's subsequent termination of its wholesale lending channel. Is it a harbinger for things to come at Countrywide? What do you think? A letter from the President & COO of Countrywide Home Loans October 26, 2007 Dear Valued Business Partner, Over the last four decades, Countrywide has enabled approximately 20 million borrowers to achieve the dream of homeownership. While we are extremely proud of this and our m