Home › Forums › Housing › Sucks to be a Countrywide employee… › I’m sure there are some
I’m sure there are some folks out there that fit this profile:
Made a lot of money selling mortgages on 100% commission
Bought properties figuring the market would double; easy money.
Maxed out 401(k) plan as a means of trying to shelter some of the income.
Roll forward to Fall 2007
Commission income dried up
Properties in a tailspin
401(k) plan in ruin
This has got to hurt.
