matthutch

Illiinois - Countrywide: Potentially Devastating

this really scares me. i don't like government officials using their leverage to go after politically convenient targets. among the charges is that they relaxed underwriting standards. all this means is that they offered a lower rate than they would have otherwise or allowed them to borrow more than they would have otherwise. would i complain if countrywide lowered their standards for me so i could get a cheaper loan? would any of us complain if our credit card providers lowered their underwriting standards for our benefit? what about auto loan providers?