countrywide: The last day of Countrywide - 06/30/08 01:13 PM
The Last Day of Countrywide
Today, June 30th, is the last day Countrywide will exist as itself.
Tomorrow it'll be Bank of America.
Did you know Countrywide started in 1969?
No, I wasn't lending back then, I was 10 years old.
Yes, Countrywide has received it share of bad press … (15 comments)
countrywide: Countrywide Short Sales (updated) - 04/24/08 05:50 PM
Here’s the latest information on what Countrywide will do and what they won’t do. I reported that there were various rumors going around that involved countrywide and short sale negotiations. Some of those were true - others were not. ( here and here ) Then again, the rules are changing … (7 comments)
countrywide: Deal or No Deal? Part Two - 11/27/07 09:58 AM
Yesterday I detailed how subprime loans are chopped, diced and sold into various segments to investors. I think it was pretty clear but just in case here's a refresher course (YT Video) from CNBC: LINK The important take away is that the company that you think might own the mortgage is in … (7 comments)
countrywide: Deal or No Deal? Part One - 11/26/07 10:33 AM
You probably have heard the good news. California is set to be hit hard by foreclosures. It already is being hit hard. That's not the good news (unless you are a Repo Man). Last week, Gov. Arnold Schwarzenegger announced he had struck a deal with four subprime lenders. While you've heard … (8 comments)
countrywide: Why the Calvary isn't going to come - 11/02/07 11:18 AM
In my post, Don't count on it, I explained that I thought the recent announcement of a $16 Billion Countrywide loan modification plan was a bunch of Hooey. Feedback I got some feedback. Some good and some not so good. It's the not so good that I would like to … (9 comments)
countrywide: FIRST - 10/24/07 09:01 AM
Yes, it's another Countrywide story. If you can believe it I am very tired about writing about the curious happenings at Countrywide. I've talked to many other blogger's who are overloaded as well. We're close to hitting the saturation point . But this is one story that gave me a chuckle and … (3 comments)
countrywide: I'm applying for the Branch Manager Position - 08/22/07 05:57 PM
Monday I reported about a grass roots P.R. campaign had been zipping around cyberspace in the form of emails sent from Countrywide Loan Officers. "Operation Real Story". They were all cut and pasted, all had the exact same verbiage, just a different loan officer's contact information tacked on to the bottom. It … (25 comments)
countrywide: "... know that I am here, backed by Countrywide" - 08/20/07 09:51 AM
That's how the email ends. The exact same email I have received over and over again, seemingly written by individual loan officers. In truth, it's a propaganda piece sent out by the corporate office straight to the front lines. The Loan Officers. They are supposed to cut and paste the … (9 comments)
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The Last Day of Countrywide
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