STEVE INSKEEP, host: NPR's business news starts with another consequence of the mortgage crisis.</s>STEVE INSKEEP, host: One of the countries big mortgage lenders says it is cutting more than half its workforce now. California lender Indymac was co-founded by the man who brought you Countrywide. Countrywide buckled during the market meltdown and is now part of Bank of America. Indymac is still on its own. But this year it has lost $700 million. In addition to cutting about 3,800 employees, the lender will stop making new loans.
Steve Inskeep has this morning's business news.