texalope

A Contrarian Take On the Countrywide Acquisition

I believe this acquisition will create the opportunity to restructure a large number of mortgages EFFICIENTLY. This will ultimately reduce pressure on real estate prices and help increase sales. With mortgage rates so low and pent up demand building, the last part of the equation is firming up real estate prices. If the government or Fed were involved in supportung this transaction, I rhink it was a smart move.