Ventura County Star - "Lender's efforts to cut costs continues" (1-31-07)

"Countrywide moving jobs out of California to decrease tax bite"

"Savings also comes through decreasing labor costs. The company has moved about 3,000 jobs outside the U.S. and has relocated people out of California to Arizona and Florida — a strategy that has produced tax savings."

"New mortgages are expected to decline. Credit should continue to decline and the number of borrowers not paying their mortgages will increase. The hope is that 2008 will start to move the market up again."