I am back!!!

Mortgage and Lending with DNJ / Gateway Mortgage



Hello Blog Friends,

Please excuse the personal nature of this blog but with the recent wealth of "offline" thoughts, I wanted to share my current position.  The last weeks reminds me of the song, "What A Long Strange Trip It Has Been". Two weeks ago Monday night I went to bed as a HomeBanc Associate. This week I will be going to sleep as a Countrywide Associate. It is official and I am pleased to announce I am now a Countrywide Associate.

I know there has been much speculation over the past weeks that has been circulated by the media, competitors and others. Some of it is true, some of it is exaggerated, all of it is interesting. Let this e-mail crystallize that I am not only alive and well, but excited about the opportunity to combine my mortgage expertise and professionalism with the Countrywide brand and platform to serve your present and future clients.

Trust me when I tell you...I am OPEN FOR BUSINESS...not out of business.

I have built a great business relationship over the past with my Realtor partners and look forward to continuing it. In additon, I hope that you have found my blogs informative about the economic landscape.

On a personal note, I would like to thank you all  for your inquiries and concerns over the past week. It was touching to have so many of you contact me to simply say " I heard the recent news and I am here for you". The kind words were reassuring encouragement during the change from the past (HomeBanc) to the future (Countrywide).

Being recognized as the #44th Top Orginator in the country by Mortgage Orignator Magazine, I had several offers to weigh.  I wanted to share with all my blog friends, why I selected Countrywide to be my new home. As you all know, the current market is is extremely volatile.

Countrywide is operating a massive business - they are the number one mortgage lending company in the nation. Let me share they dominate the business and can weather the current enviorment: Countrywide Financial Corporation remains the nation's largest mortgage lender with close to $14 billion of net worth, significant excess capital and strong investment grade credit ratings. I cannot control what people say, I can, however, focus on the facts that supported my decisionto join thier team.

FACT: Countrywide has an "A" rating and stable outlook has been reaffirmed by two of the most important credit ratings agencies, Moody's and S&P.

FACT: Countrywide has delivered over $900 million in net earnings in the first half of 2007.

FACT: Countrywide is ranked #91 on the Fortune 500 rankings, and 70th most profitable company in the United States in the same rankings.

FACT: Countrywide remains very profitable and in fact has been profitable for over 100 consecutive quarters.

FACT: Countrywide has acquired valuable assets from other companies this year, while numerous other lenders have shut their doors entirely.

Please know that I am confident that myself and Countrywide will allow us all to help individuals and families achieve and preserve the dream of home ownership.

Thank you again for all your your support, it was and still is truly appreciated!


Comments (7)

Scott Daniels Florida Real Estate 2.0. Agents Earn 100% Commission.
Florida List For Less Realty, Inc. Broker/Owner. - Cooper City, FL


It`s got to be very hard to hear the Rah-Rah speeches that CW is telling their people.

Aug 23, 2007 11:52 AM
Nancy Brenner
Referral Associates of Georgia, Inc. - Roswell, GA
Roswell Georgia Real Estate Agent


Mazel Tov on your come back!

Aug 23, 2007 11:58 AM
Kevin Martini
DNJ / Gateway Mortgage - Raleigh, NC

Nancy - THANK YOU! 

Scott - I realize that the significant media attention during the past several weeks has been unsettling. Unfortunately, our industry is going through an extremely challenging period and Countrywide's prominence as the nation's leading mortgage lender means that the media and investors have an extraordinarily high degree of interest in Countrywide at this time.

In short, being the leader will always create a target on your back.  One can choose to beleive the rumors or one can focus on the FACTS.  I beleive the "Rah-Rah" you mentioned is the truth, hence it is not very hard to digest.  In the coming weeks and months, our industry will be going thur a change of historic proportion and Countrywide will be one of the handful that will remain on the mortgage side, in my opinion.  

Thank you for your comment,




Aug 23, 2007 12:17 PM
Susan Trombley
Trombley Real Estate - Wake Forest, NC
Broker/Realtor, Raleigh, Cary, Wake Forest, Youngs


I really am glad Countrywide is not gone and yes everyone is still wondering out there what is going on. I heard someone from Countrywide was on Fox News today saying they are here to stay that has to make you feel good. They also commented that Bank of America helped Countrywide with it's monies to get started back in the 60's.

Aug 23, 2007 12:21 PM
Kate Brantly
Brantly Realty Co - Asheville, NC

Not a fan of Countrywide's back door policies, four option payment plans that most of the US mortgagee mix doesn't get, but have been personally stranded with them for a couple of years now due to a friend of a friend Mortgage Broker...lots of smoke and mirrors...get plenty of sleep, you're going to need it...especially due to the fact that even in markets that are moving just fine...CW and their land-safe bit are bringing in new appraisers from up to 50 miles out of the area, who frankly have no clue how a property actually appraises, never mind its local comp value...they might cause their own demise...look for a way out man, fast.

Aug 23, 2007 12:40 PM
Mott Marvin Kornicki, Broker ~ Waterway Realty, Ltd. Co.

Welcome Back!

Active Rain has deleted my Profile, AGAIN!!! I'm not so surprised about that. I guess the Rain sees me a s a threat. Imagine that; I invested hundreds of hours blogging, commenting, adding photo's and in general being as valuable of a member as I could be. And... ACCOUNT DISABLED, Again! It makes me wonder? Is Active Rain really what they appear to be? I would think NOT. It seems apparent that THE RAIN has some ulterior motives, from my perspective, Active Rain is a FRAUD! They are just a bit over 1 year in existence, a very, very great and well designed portal- we will see where they go!  

So be cautious! What you spend hours and hours building, can possibly be deletined in just moments!

Mott Marvin Kornicki, Broker

Waterway Realty, Ltd. Co.

Sunny Isles Beach, Florida

Aug 23, 2007 01:42 PM
Craig Bartels
The Indy Realty Shop - Indianapolis, IN



While I think Countrywide will be around, the stats about income, etc. doesn't make me a believer.  They also just slashed 12,000 jobs


Maybe I am in this state after reading a book about Enron last week, they had everyone fooled.



Sep 08, 2007 10:06 AM