Countrywide Offers 'Unprecedented Remedies' to Struggling Mortgage Holders [View article]
Re: Refinancing and Modification by Countrywide.
Isn't this what Countrywide and other lenders did in the past? Before foreclosing on a property didn't it always try to do a workout, a loan modification when they determined that the borrower could pay a lesser monthly amount? They know a certain percentage will qualify. It makes good business sense.
There's nothing very new about what they have just announced.
Housing Bubble and Real Estate Market Tracker [View article]
What is happening to the mortgage insurance companies? (mtg, pmi, tgic, rdn etc.) With all of these foreclosures shouldn't they being experiencing tremendous losses. Yet you hear nothing about them.
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Countrywide Offers 'Unprecedented Remedies' to Struggling Mortgage Holders [View article]
Isn't this what Countrywide and other lenders did in the past? Before foreclosing on a property didn't it always try to do a workout, a loan modification when they determined that the borrower could pay a lesser monthly amount? They know a certain percentage will qualify. It makes good business sense.
There's nothing very new about what they have just announced.
Housing Bubble and Real Estate Market Tracker [View article]