Countrywide to Cut As Many As 12,000 Jobs Because Company Sees 2008 Loan Originations Dropping. The cuts, amounting to as much as 20 percent of its workforce, are needed because the company expects new mortgages to fall about 25 percent in 2008 from this year’s levels, Countrywide said.

Countrywide Cheif Executive said this is market cycle is the most severe in the contemporary history of our industry.

Countrywide is also changing the products it offers to only include products that are conventional mortgage loans.

If you would like to apply for a Mortgage Loan, you can APPLY ONLINE HERE, you can call John Thomas at 302-703-0727.

John R. Thomas – NMLS 38783

Certified Mortgage Planner – Primary Residential Mortgage, Inc.

302-703-0727 DE Office / 610-906-3109 PA Office / 410-412-3319 MD Office

248 E Chestnut Hill Rd, Newark, DE 19713