Countrywide Emphasing Reverse Mortgages

Countrywide plans to lay off more than 2,500 workers

and keep revenue flowing by emphasizing products like
refinance, reverse mortgage, commercial and construction loans

 

 

Countrywide said it has "invested in new business lines to supplement its current
residential mortgage operations, as evidenced by the recent introduction of its
Reverse Mortgage, Commercial Real Estate Lending and Builder Finance
Lending units."