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Home » Store » Taxable » Facing New Pressures, Countrywide Gives Up Channel Market Share to Rival Wells Fargo

Facing New Pressures, Countrywide Gives Up Channel Market Share to Rival Wells Fargo

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It was a good business model for 15 years, but times do change. New pressures in the correspondent channel are forcing Countrywide to rethink its business strategy, which in turn is causing the firm to give up market share to rivals, noted analyst Robert LaCoursiere of Banc of America Securities. Wells Fargo seems to be the primary beneficiary, after significantly closing the gap between it and Countrywide during the...[One data table included]
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