Countrywide Financial Corp.

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borrower and countrywide financial corp. - All News and Analysis

• 6 lenders expand efforts to aid struggling borrowers

  - 2008-02-12

  Six major lenders agreed to widen their efforts to help borrowers of all loans -- not just subprime -- and allow seriously overdue homeowners to suspend foreclosures for 30 days while affordable loans are worked out. The plan, called Project Lifeline, is to be announced today by the...

  Tags: borrower, Countrywide Financial Corp., FINANCE, homeowner, Mortgages

• Mortgage rate resets only one of many factors in foreclosure mess

  - 2007-12-16

  NEW YORK IF THE GOVERNMENT really wants to stop home foreclosures from surging, here's a simple plan: Boost Americans' income, put more funding toward medical research and insist on marriage counseling for all. And then start buying up land to raise housing prices. As...

  Tags: ARM, borrower, Countrywide Financial Corp., FINANCE, Government, mortgage, Mortgages

• Union calls for boycott of Countrywide Bank

  - 2007-12-04

  LOS ANGELES -- A national labor union launched a campaign Monday against Countrywide Financial Corp., calling on members and other consumers to boycott the mortgage lender's banking subsidiary until it guarantees it won't foreclose on borrowers who have fallen behind on adjustable rate loans. UNITE HERE, which represents...

  Tags: Banking, borrower, Countrywide Financial Corp., FINANCE, Mortgages

• Two mortgage industry alliances reach out to at-risk borrowers

  - 2007-12-01

  Two separate private-sector coalitions have formed within the mortgage industry--with members including the Mortgage Bankers Association MBA and Calabasas, California-based Countrywide Financial Corporation--both with the goal of preserving homeownership by reaching out to borrowers at risk of defaulting on their mortgages. In October, Countrywide and the Neighborhood Assistance Corporation...

  Tags: alliance, borrower, Countrywide Financial Corp., FINANCE, homeowner, Mortgages, Strategy

• The big scramble

  - 2007-12-01

  Mortgage lenders have moved quickly to adjust their product offerings and business strategies in the wake of the liquidity crisis. The shutdown of major funding sources, combined with mounting defaults for certain products, has prompted quick adjustments in business models. There's at least one silver lining: The exit of many...

  Tags: agency, bank, borrower, Citigroup Inc., Countrywide Financial Corp., FINANCE, Kelly, Miller, mortgage, Mortgages, Pick-A-Payment, Wachovia Corp., Wells Fargo & Co.

• A new era: what does the future hold for the securitization model of mortgage lending? Could the era of the independent mortgage banking firm be a thing of the past?

  - 2007-11-01

  Countrywide Financial Corporation, Calabasas, California, became the nation's largest mortgage lender by thriving in chaotic times. After past periods of turmoil--such as the unexpected April 1994 interest-rate spike--Countrywide has been able to increase its market share in both originations and servicing. [??] Warning shots signaling coming challenges were fired earlier...

  Tags: asset, bank, banking, bond, borrower, Countrywide Financial Corp., FINANCE, financial, Financial Times, Investment, investor, liquidity, mortgage, Mortgages, securitization, security

• Countrywide vows to offer loan workouts

  - 2007-10-24

  LOS ANGELES -- Countrywide Financial Corp., the nation's largest mortgage lender, said Tuesday it will begin calling borrowers to offer refinancing or modifications on $16 billion in loans whose interest rate is set to adjust by the end of 2008. Its shares fell more than 4 percent. ...

  Tags: borrower, Countrywide Financial Corp., FINANCE, Mortgages

• Anatomy of a meltdown

  - 2007-10-01

  The subprime meltdown spilled over into other financial markets over the summer. Investors fled the private-label residential mortgage-backed securities market, shutting it down in early August. Facing margin calls, falling asset values, no buyers for non-agency bonds and no buyers for mortgages originated for the private-label market, mortgage companies large...

  Tags: agency, asset, bank, Bear Stearns & Co. Inc., Better Business Bureau, bond, borrower, Countrywide Financial Corp., Federal Reserve Board, FINANCE, financial, Investment, investor, meltdown, Moody's Corp., mortgage, Mortgages, security, Turmoil, U.S.

• UNITE HERE Launches Website, Survey, to Engage Countrywide Borrowers

  - 2007-08-06

  To: LABOR EDITORSContact: Anna Oman of UNITE HERE, +1-212-332-9380, aoman@unitehere.org LOS ANGELES, Aug. 6 /PRNewswire-USNewswire/ -- The labor union UNITE HERE has launched a website, http://www.eyeoncountrywide.info, as an open resource on the sub-prime lending crisis and the nation's number one sub-prime lender, Countrywide Financial Corporation. UNITE HERE represents over 450,000...

  Tags: borrower, Countrywide Financial Corp., MARKETING, survey

• Don't be too surprised by real estate collapse

  - 2007-07-29

  CENTURY 21 Real Estate's CEO Thomas Kunzmay have unintentionally hit the nail on the head when he declared that a "pity party" is gripping the housing industry right now. Many recent home buyers are expressing shock that their properties may be worth a lot less than when...

  Tags: borrower, Countrywide Financial Corp., FINANCE, Mortgages