So word thru the grape vine is that Countrywide recently recievd the VA contract. We all know Bank of American is taking over Countrywide so I was confused as to how and why??? I called me AM friends over at BofA to get to the bottom of this and they had no comment. Does anyone know who, what when where and why?? This has been a very interesting subject and very hush hush. Where I am located there are virtually no VA listings since the closest base is in Oceanside.

Also does anyone know why Ocwen lost the contract in the first place??

 
Post is included in group: REO
Post is included in group: The National REO Brokers Association
Post is included in group: REO REALTORS

5 Comments on The great VA contract debate....

AUG
02
2008

LOL--- I dunno about that change-- but Why would Ocwen lose a contract?  Must you ask? LOL

-Jason
9:19am • #1
AUG
11
2008

No, I don't know what is going on but I am also wondering.  A past client contacted me last week and advised he was marketed in the mail regarding his VA loan.  It referred to a program through Countrywide where he could change the terms or pull money out by only paying a $200 fee and filling out a 1 page form.
12:22am • #2
SEP
24
2008
122,284 Points

Wowo great information, I have heard very many mixed reviews about ocwen and unfortunately it seems like the negative ones where true. Heres to more change in this market.
12:20pm • #3
JAN
15
2009

FYI...Ocwen did not lose the contract. They did not rebid to renew it. Business decision.
Former Ocwen/VA Employee
9:59pm • #4
311,646 Points 2 Featured Posts

Countrywide is moving into the VA business, it will be interesting

 
10:45pm • #5


What does the graphic say?
Leave a response…

(optional)
Spam Prevention:
 

Stacie Cunningham

San Clemente, CA

More about me…

Altera Real Estate

Cell Phone: (949) 394-6483

Email Me

I love to blog about all my funny REO situations. I also like to blog about the best water front city in Orange County. The lazy little beach town I like to call home. San Clemente.


Links

Archives

RSS 2.0 Feed for this blog