countrywide: Countrywide gets sued again... - 08/13/08 09:38 PM
The headline of Orginator Times today read....Countrywide Sued By Another State for Inducing Consumers to Take Out Loans They Couldn't Afford.  Unfortunately, this was first seen when the attorney general of Illinois filded suit against CW.  Illinois was the first state.  Now West Virginia joins the ranks as well.
The Attorney … (12 comments)

countrywide: Countrywide is at it again in Illinois - State of Illinois Files Suit against CW! - 06/25/08 09:31 PM
"Countrywide's unfair lending practices have harmed tens of thousands of borrowers who've been placed in unaffordable loans and, as a result, our communities are now being destabilized by a skyrocketing number of home foreclosures," Lisa Madigan said in a statement Wednesday. Her office said that the company played a "major role" … (5 comments)

countrywide: Countrywide and Wells Fargo in Illinois get their Subpoena today!!! - 03/06/08 04:31 PM
According to today's news release, the Illinois Attorney General issued subpoenas to today to Countrywide Home Loans, Inc., and Wells Fargo Financial Illinois, Inc., to determine whether the lenders supposedly unfairly steered African American and Latino borrowers into higher cost or otherwise inappropriate home loans in violation of fair lending and civil rights … (0 comments)

countrywide: Dust is Settling at Countrywide - 01/14/08 03:58 PM
A lot of people are excited and scared at the same time, but I think a lot of clarity just happened with the new deal with B of A.  I, personally, yes yours truly, was interviewed by Inman Real Estate News on just this topic on Friday.  I am excited for the industry as … (6 comments)

countrywide: More News On Countrywide - 01/10/08 03:06 PM
Today at lunch, the lunchtime hour was the focus on CW.  The program was titled "Countrywide on life support."  Now it seems that they are in negotiations to be bought by B of A.  Interesting developments.  This would be so much better than having CW go bankrupt (BK).  Going BK will … (7 comments)

countrywide: Is the Countrywide Bomb about to explode? - 01/09/08 10:24 PM
All over the news Countrywide is denying that it's having a cash problem.  I mean, if you borrow 11 billion dollars over the last 60 days, let's be real...it just doesn't go to far.  Today I had lunch with a Capital Markets guru who buys and sells on the secondary market … (8 comments)

countrywide: Death of Countrywide? I hope not..... - 08/05/07 11:00 PM
This week has been brutal to the mortgage industry.  Not only have we seen jumbo rates climb 1.125%, but we've seen the death of American Home Mortgaege.  American Home was a great and veritable competitor.  I've been one who never wishes harm to my competitors.  As long as we're all playing … (15 comments)

 
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