Countrywide Financial Reworks 15,472 Loans In November
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I saw this nugget in the Boston Globe discussing the foreclosure issues facing homeowners. It is interesting that Countrywide has been so aggressive reworking mortgages and that they have not gotten the credit for it.
The nation’s largest mortgage lender, Countrywide Financial, became a leader in helping its troubled borrowers. The company reported that it reworked loans for 77,090 borrowers through November. The pace of those efforts is increasing. The company helped 15,472 borrowers in November alone. Countrywide also drew praise in November when it agreed to allow the Boston-based Neighborhood Assistance Corporation of America, a longtime industry critic, to modify loans on its behalf.
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