BIG BAD LENDERS:
The beauty of a blog is the ability to spread the word. A blog called "Calculated Risk", written by Tanta is available now that describes how Countrywide Home Loans got caught recreating foreclosure notices in court!
Yup, forging documents to better their position in court!
Mortgage giant Countrywide has a long history of mistreating customers and other nefarious activities. Countrywide, in and of itself, especially with the promotion of the Option ARM loans nationwide, and their dominance of the sub-prime market before it collapsed, has had a major impact of the foreclosure numbers nationwide.
Their ad's play on TV all day, everyday, on all channels across the country trying to woe in more suckers by saying. "Nobody can do what Countrywide can". How true that statement is... Because every other lender can do it better, and CHEAPER!
We were just saying yesterday how scummy it is for Countrywide to keep these TV commercials running and you know so many people believe what they hear on TV. Just like saying "if the FDA approves Froot Loops as a food they must be really good for me!" (I like froot loops, they're just the first junk food that popped into my head...)