The company executives in speaking of the housing situation said the following:
They are "seeing home price depreciation at levels not seen since the Great Depression"
This what has the market selling even faster now and essentially has the mortgage industry on the brink of a collapse in the view of some on the Street.
Tuesday, July 24, 2007
CountryWide (CFC) conference call
Posted by Fp80 at 7/24/2007 02:39:00 PM
Labels: Market update
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