Seen through this lens, it's more apparent why the credit crisis touched certain mortgage lenders this week; Countrywide Financial, the country's largest lender and a big player in nonconforming loans, became the center of attention when a Merrill Lynch analyst speculated that the company could go bankrupt as a result of the credit crunch. Countrywide's stock took a beating, but was recovering somewhat on Friday after the company addressed those concerns. Similar tales could be found at other players where questions arose about their holdings and/or their access to funding.
Contact The Author
Discover what others have, no one works harder to get you your dream house. Our experienced staff is here to work with you to develop your loan application quickly, accurately, and honestly to make the strongest case for you. Then we shop our network of wholesale lenders to find the loan program that fits you best. We pride ourselves in helping you get your questions answered with prompt, courteous service. We never forget that it is personalized one on one service that sets us apart from the rest.