When in the real estate and mortgage industry, job security is not necessarily a term that is popular at this time. There are companies that are merging and some companies are closing down. I thought Countrywide was doing real well but it does not come as a surprise that they are having job reductions as well. According to a story I read on Reuters, they have plans to cut jobs as the housing market slows. If you are in the real estate and mortgage industry, there are a lot of factors to consider when you work in that market. Earlier this year Washington Mutual and Ameriquest Mortgage also announced job cuts. I imagine even small lenders are being affected.
