Here’s a great article on Countrywide Financial. Basically, reports remain optimistic about the future of the company- and they are expanding while they are downsizing. Sounds like a smart move to me. That way as they turn the ship around, the foundation will be larger and even more powerful once it gets back on track.

The same thing goes for buying investment property. You gotta buy when it’s down, and hang on for the long term. No one can argue the value of Arizona Real Estate over time- it will continue to rise in the next 20 years or more, easily. So if you’re picking up foreclosures and short sales, you’re set for the future. Most intelligent investors dumped their property at the peak of the market, and are jumping back in now to rapidly expand their portfolios while the prices are near bottom. Talk about building wealth.

Read more on Countrywide here.