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Thursday, August 23, 2007

Countrywide Trolls for Customers

I thought the problem right now was supply, not demand, but this email spam that just arrived suggests otherwise:

Introducing the Combo Loan from Countrywide

Ads that make it appear Countrywide is desperate for more "homeowners with less than perfect credit" won't inspire much confidence.

Update: The Washington Post also notices:

What Credit Crunch? To Judge by Lenders' Teasers, It's Still Subprime Time, by Nancy Trejos, Washington Post: On AOL.com this week, the Internet-based loan company LendingTree offered "Bad credit options" and a $425,000 loan for only $1,376 a month. And Countrywide Financial, the nation's largest mortgage lender, declared, "Bad Credit? Call Today. Refinance or Tap into Your Home's Equity" in an online ad from its Full Spectrum Lending Division...

    Posted by on Thursday, August 23, 2007 at 06:48 PM in Economics, Financial System, Housing | Permalink  TrackBack (0)  Comments (6)


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