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!