Some interesting Monday morning insights into the sub-prime mortgage situation. Seems like Mozilo is trying to hedge the worst case… Great post by Matt Carter, Inman News

“In a conference call with investment analysts, Countrywide CEO Angelo Mozilo said that (as the) subprime tsunami recedes, there will be just five major lenders with a major share of the mortgage lending market (compared to 10 today), and that Countrywide intends to be one of them.”

The USS Housing Market

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