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Countrywide wants up-front payments to discuss some loan mods? So what?
May 30, 2008Last week’s Investor’s Business Daily painted a pretty rough picture of everyone’s favorite industry whipping post Countrywide Financial Corp., after getting wind of a servicing policy that requires some delinquent borrowers to pay 30 percent of arrearages before the lender will begin discussing loan modification options — fees that the reporter, Kathleen Doler, called “a steep entrance fee.” From the story, an indictment:
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Sounds like reason to me
May 22, 2008 -
Bush: No Bail Outs, But Quiet on Housing Package
May 19, 2008 -
Builder Confidence Sags; NAHB Says Congress “Must Move Immediately”
May 15, 2008 -
California Lawmakers Push Congress for Permanent Increase to GSE Loan Limits
May 06, 2008 -
Fannie, Freddie Look to Jump-Start Market for Jumbo-Conforming Mortgages
Apr 17, 2008 -
U.S. Now in ‘Mild’ Recession, NAHB Economist Says
Apr 15, 2008
