the subprime mortgage lending and foreclosure crisis.
Lawsuits seem to be coming from all directions, federal and state investigative probes are launched against them, stock price tumbled to 1/5 of its value, even desperate lenders demonstrated outside their offices. 2007 has definitely not been Countrywide 's year.
The company has lost its place as America 's Home Lender and has been quoted by few as America 's Home Wrecker.
Countrywide reacted to the crisis, but reacted slowly. Originally Countrywide