Has the run started at Countrywide?

2 responses

  1. molly says:

    Check out http://www.eyeoncountrywide.info, an independent consumer resource examining sub-prime lending and Countrywide Financial Corporation

  2. It’s not really about the defaults is it?

    The loans are simply over produced. Too many issued. Supply and demand. If it’s really a question of some home owners that are in default, how come suddenly they can’t pay their mortgages? It’s not so many – the real problem is too many loans produced without any insurance against over-supply.

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