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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Les H who wrote (87091)8/25/2007 9:44:04 PM
From: Sr KRead Replies (1) of 306849
 
That's U.S. single-family residential mortgage debt.

Here's another.

Inside the Countrywide Lending Spree

By GRETCHEN MORGENSON
Published: August 26, 2007

ON its way to becoming the nation’s largest mortgage lender, the Countrywide Financial Corporation encouraged its sales force to court customers over the telephone with a seductive pitch that seldom varied. “I want to be sure you are getting the best loan possible,” the sales representatives would say.

[5 pages]

nytimes.com
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