Paper Topic:
case analysis 2
Running Head : Case Analysis 2 Case analysis 2 Customer Inserts His /her Name University Name Table of Contents Introduction .3 SWOT analysis of Countrywide Financial Corporation .3 Problems faced by the company .5 Reasons for the failure of the company .6 Suggested management strategies for the company .7 Affects of the failure of the company .8 Conclusion .9 Bibliography .9 INTRODUCTION Countrywide Financial Corporation , one of the largest real estate mortgage companies was formed by Angelo Mozilla and David Loeb
in 1969 The first very branch of the company was opened in 1974 and the company was in such a great phase of growth that within 6 years in had 40 offices in the United States of America . The growth of the company was although dramatic it was only based on the U .S market which just proved to be a bubble
From 1974 to 2006 the company never looked back and continued its journey of growth an expansion . As a result by the end of 2006 the company had 661 branches in 48 different states of US . It was such a safe bet for investment that the Bank of America invested 4 billion to take over the company
The phase of the remarkable success and growth continued till 2007 when the whole world realized that most of the deals or the mortgages which were made by the company were not appropriate rather were all very risky and were all expected to default in some time . The crisis in 2008...
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