Jan 9, 2008

Countrywide Financial on loan forebearance

During the first 11 months of 2007, Countrywide helped more than 69,000 customers retain their homes through solutions such as loan modifications, long-term repayment plans, special forbearance and other options. We want to emphasize strongly that customers experiencing difficulty making their loan payments should contact us as soon as possible, even if they do not have a mortgage with a rate reset. Regardless of the reason for the payment difficulties, Countrywide wants to try to find reasonable solutions for our borrowers.

~ Steve Bailey, Countrywide Financial Senior Managing Director Loan Administration, "Countrywide and ACORN Work on Blueprint for Home Retention and Foreclosure Prevention," MarketWatch, December 21, 2007

No comments: