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COUNTRYWIDE RESPONDS TO NEW YORK TIMES!!!

By
Mortgage and Lending with United American Mortgage Corporation 407952

 Please find a link leading to Countrywide issuing a formal rebuttal that addresses the Sunday New York Times story about Countrywide and the press conference held earlier today by Senator Charles Schumer. The attached comment has been sent to reporters who have inquired about the N Y Times article and about Senator Schumer's press conference and has been posted on Countrywide.com on the front page of the About Us section (link below.)

We have been permitted to share this information with our business partners and customers. It provides accurate information about Countrywide's lending practices on subprime loans and makes clear the value our employees strive to deliver to our customers and business partners as we fulfill our mission of homeownership.

It is a protected document and can not be copied therefore I encourage you to follow the link.

 Andrew T. Clemente

Countrywide Home Loans

 http://about.countrywide.com/about/Docs/cfclendingpractices.pdf  

 

Comments (1)

Cathy Tishhouse
RE/MAX Showcase Homes - Royal Oak, MI
Royal Oak Real Estate
I have someone from Countrywide in Michigan that I like to refer and I have been a little reluctant recently with all the publicity around Countrywide being able to survive in this market and all the ARMs due or coming due in September.  Frankly I am confused about it all and which lenders are the best to recommend.  So, I was glad to see this post.  While it has alleviated a small amount of my concern, I am still pretty confused about who is really solvent and who is not.  Someone recently said that Rock Financial is about to go under - what to believe??
Aug 29, 2007 05:32 PM