Countrywide Gets Big Cash Infusion And May Survive Crisis

RE:Countrywide Gets Big Cash Infusion And May Survive Crisis

ed — Tue, 11 Dec 2007 13:00:00 GMT

Undocumented loans should never be offered in the first place. Not every one should buy a home if you cannot afford it. No wonder the loan market is in such a mess.

RE:Countrywide Gets Big Cash Infusion And May Survive Crisis

Alan — Fri, 07 Sep 2007 11:00:00 GMT

One of the keys is certainly the collateral (appraisal) side of the industry. Appraisers are supposed to be gatekeepers who say no when deals makes no sense. It is extremely rare for a loan officer, mortgage broker or direct lender, to want an honest valuation..in fact, the lenders shop for appraisers until they find a compliant one that will do their bidding, essentially shutting honest/gatekeeper appraisers completely out of the process. Lenders are responsible for consistent over-valuations!

RE:Countrywide Gets Big Cash Infusion And May Survive Crisis

sam — Thu, 30 Aug 2007 11:00:00 GMT

i wonder why they try to make the american people poor? do you think is it a good policy to decrease the houses prices and increase the mortagage rates ? and who's paying the price? and to whom to complain? all the affected people should do some stikes so mabe somebody will listen.....

RE:Countrywide Gets Big Cash Infusion And May Survive Crisis

Jay — Tue, 28 Aug 2007 11:00:00 GMT

I agree just the beginning. In my eyes this will be a sink or swim scenerio with the market. If you are in the real estate industry and want to succeed in the market stay on top of product knowledge because everything is changing at a rapid rate. This will seperate the "car salesman" from the loan officers. Just as well be optimistic about it.

RE:Countrywide Gets Big Cash Infusion And May Survive Crisis

Joe — Tue, 28 Aug 2007 11:00:00 GMT

Well said, Sam and Jay.

RE:Countrywide Gets Big Cash Infusion And May Survive Crisis

Sam — Thu, 23 Aug 2007 11:00:00 GMT

Just the beginning is correct ... But, it's just the beginning of a naturally occurring cycle. And, just the beginning of a natural "shake-out" process. Just like the ".com" Bust ... The internet in general (and e-commerce specifically) did not disappear. There was a natural "shake-out". Some people folded, some were bought out, and many not only survived, but thrived and continue to do so. Same thing with the current Mortgage industry. Yes, some companies will continue to fold, some will continue to be bought out, and others will thrive and grow. It will probably get a little more "painful" before it gets better, so just be sure that you're getting advice from informed & competent professionals.

RE:Countrywide Gets Big Cash Infusion And May Survive Crisis

MARK — Thu, 23 Aug 2007 11:00:00 GMT

Just the beginning folks... Just the beginning... Wait till this fall and early next year when house prices start to plummett along with jobs, and INCREASED rates. Only parts of the country are getting hit big now, just wait.