Countrywide Home Loans Cutting Employees

Countrywide is one of the bigger lenders in the market. The news that it is cutting over 108 employees and experiencing problems in its subprime mortgage department should be taken as a bad sign. Lenders can be expected to seriously tighten up their lending requirements. Make sure to go through the pre-approval process before trying to buy a home. You want to make sure you have money to do it!

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