FINALLY!!!!  Someone is lending a helping hand to those in trouble over the "mortgage meltdown".  The economy as a whole is going to suffer if others don't do something similar to the programs that Countrywide is planning on.  So many families are in trouble because they did not understand what could happen in 5 or 7 years with their ARM.  If you know anyone who is in this situation and already in trouble, contact us, we can help them with a short sale.  A short sale can save their credit and won't cost them a dime! 

Here is part of the the article from http://www.cnn.com/  - please go to their website for more info on Countrywide.

No. 1 mortgage lender announces program to refinance $16 billion in loans for 80,000 borrowers facing much higher home payments.

October 23 2007: 6:34 AM EDT

NEW YORK (CNNMoney.com) -- Countrywide Financial, the nation's largest mortgage lender, announced a program Tuesday to refinance or modify up to $16 billion of its loans due to reset at higher payments through the end of next year.

The program is targeted to 80,000 borrowers who face the risk of default because their current variable rate mortgages would see payments jump to levels they could not afford, prompting a default of those loans.

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