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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (12204)8/10/2003 11:19:26 PM
From: John ChenRespond to of 306849
 
Countrywide,re:"collects the origination fees......".
Excellent observation. They may also collect fees to
collect the 'loan' ... so much to collect ... so little
to lose.



To: Elroy Jetson who wrote (12204)8/11/2003 1:02:23 AM
From: edward millerRead Replies (2) | Respond to of 306849
 
FWIW Countrywide usually services its loans
instead of selling them, so that argument is
not really true. I have had two CFC loans
in two states, so I know their practices.

I do think he is trying to generate more
business and help keep the bubble going by
proposing a relaxation of the rules.

Ed


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