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Frankly I don’t think the pure salesmen will be able to convert to professionals. There has been such a...
Tag: countrywide
What do Governor Gregoire’s actions mean for local Countrywide employees and short selling homeowners?
Is Governor Gregoire just a little too late in regards to Countrywide’s lending tactics? Aren’t we merely days away from the Bank of America takeover?
As I drove back to the office today after teaching yet another short sale class, I heard the news on KIRO 710 AM that Governor Gregoire is seeking to pull Countrywide’s lending [...]
Posted: June 25th, 2008 under General Real Estate, Legal Issues, Mortgage and Lending, Real Estate Law, Washington State Law, countrywide, foreclosure.
Tags: countrywide, dfi, governor gregoire, negotiating a short sale with countrywide, predatory-lending, short-sales
Comments: 85
Any guesses as to if the BOA buyout of Countrywide will still happen?
CNN is reporting this morning that Countrywide is now the subject of an FBI investigation into their lending practices. Countrywide is suspected of engaging in “widespread fraud…which may have contributed to the subprime mortgage crisis that has rocked the U.S. economy.”
The FBI will investigate Countrywide’s underwriting practices, the way loans were originated and their [...]
Posted: March 8th, 2008 under General Real Estate.
Tags: best-practices, countrywide, FBI, tightening-underwriting-guidelines, whistleblowers
Comments: 24
Did I miss anything while I was on vacation?
The first leg of our week long vacation at Lake Roosevelt began with two nights at a friends vacation home on Lake Chelan (fyi…it’s available for purchase). Somehow I managed to leave the charger to my cell phone behind.
A week without…
email
hourly bond market updates
real estate and mortgage headlines
the internet
blogging (writing and reading my favorite blogs).
I [...]
Posted: August 26th, 2007 under Diversions, Mortgage and Lending.
Tags: countrywide, greenpoint, house-boating, lake-roosevelt, vacation
Comments: 11
Countrywide: SuperBad
Has the demise of one of the nation’s largest and well-regarded mortgage lending institutions started? The industry looks up to Countrywide as a home grown success story. They grew from a small mortgage company to an industry powerhouse in 38 years. Over the last several years they went on recruiting sprees within key markets and vacuumed up [...]
Posted: August 20th, 2007 under General Real Estate.
Tags: countrywide, MILA, mortgage-layoffs, superbad
Comments: 168
