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Countrywide Financial Runs Out Of Money
Countrywide Financial Corp, the nation’s largest mortgage lender, is having serious trouble funding it’s loans. This is part of the overall mortgage crisis. Lenders are going out of business. Others can’t fund loans. All have restricted their lending guidelines. The mortgage market has gotten a lot tougher for homeowners:
American Home Mortgage and Other Lenders Are Filing Bankruptcy
American Home Mortgage has filed for bankruptcy. Other lenders have also recently filed. For the owner of distressed property, this topsy turvy news is not good. Bottom line, there are less lenders out there available to refinance and those that are still viable have more restricted underwriting guidelines for new loans (i.e., refinancing). Here is […]
Countrywide Financial Runs Out Of Money
/in Foreclosure & Loan Mod Blog /by Scott LaninCountrywide Financial Corp, the nation’s largest mortgage lender, is having serious trouble funding it’s loans. This is part of the overall mortgage crisis. Lenders are going out of business. Others can’t fund loans. All have restricted their lending guidelines. The mortgage market has gotten a lot tougher for homeowners:
American Home Mortgage and Other Lenders Are Filing Bankruptcy
/in Foreclosure & Loan Mod Blog /by Scott LaninAmerican Home Mortgage has filed for bankruptcy. Other lenders have also recently filed. For the owner of distressed property, this topsy turvy news is not good. Bottom line, there are less lenders out there available to refinance and those that are still viable have more restricted underwriting guidelines for new loans (i.e., refinancing). Here is […]