http://www.mortgagenewsdaily.com/9102007_Countrywide_Job_Cuts.aspThe nation's largest home lender Countrywide Financial Corporation said it plans to cut up to 12,000 jobs, 20 percent of it's workforce, over the next three months. Most of the job cuts will take place in areas most affected by lower origination volumesenCommunityServer 2008 SP2 (Build: 31106.96)http://www.mortgagenewsdaily.com/9102007_Countrywide_Job_Cuts.asp#8657Mon, 10 Sep 2007 11:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:8657Nathan&quot;Easy money&quot; has been the mode of operation for a number of years in the real estate and mortgage industry. Many groups have found ways to push &quot;easy money&quot; to the limits of illegal acts and call it &quot;market share&quot;. All of the things that all the players have enjoyed can be boiled down to one simple thing, GREED. Throw in a big dose of oversight(failing to see) by all regulators and you have the perfect storm. We are sitting in the eye and the storm is over warm, deep waters. Hunker down!!<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=8657" width="1" height="1">