California Mortgage News
Tuesday, October 16, 2007
Countrywide Continues the Slow Bleed.
Countrywide takes a writeoff of $125-$150 Million in their re-structuring where they are laying off 20% of their workforce. Meanwhile Southern California home sales have dropped to their lowest since Dataquick began tracking home sale records in 1998.

A total of 12,455 new and resale houses and condos were sold in September in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties, according to DataQuick Information Systems.

It was the slowest month since the firm began keeping records in 1988, DataQuick said.

Labels: , ,

 
Comments: Post a Comment





<< Home
Covering the mortgage and real estate market in California. Find information on real estate, mortgage vendors and mortgage brokers.

Name: Brian DeSpain
Location: Las Vegas, New Mexico, United States

Writer, open source geek and general rastabout.

Archives
June 2005 / July 2005 / August 2005 / September 2005 / October 2005 / November 2005 / December 2005 / January 2006 / February 2006 / March 2006 / April 2006 / May 2006 / June 2006 / August 2006 / September 2006 / October 2006 / November 2006 / December 2006 / January 2007 / February 2007 / March 2007 / April 2007 / May 2007 / June 2007 / July 2007 / September 2007 / October 2007 / April 2008 /


California Mortgage News
Remorgage
Arizona Home Loan
Powered by Blogger

Subscribe to
Posts [Atom]