Countrywide Financial – “Countrywide is still a good place to work in the mortgage business”

Pros

Still the most aggressive mortgage lender. Has many products and is in the process of adding some of the B of A specialty products

Cons

Recently the amount of bad press they received as part of the mortgage melt down. Overall they still have great brand recognition. They hold many A paper mortgages. The subprime mortgages are a small percentage of their overall portfolio.

Advice to Senior Management

None, they have handled the merger with Bank of America very well. They kept everyone informed of the process of merging two large entities. B of A is retaining many of the upper management team from Countrywide. B of A is a bank and Countrywide was the worlds largest mortgage company that concentrated on doing one thing...turning a loan application into a closed loan as quickly as possible.