Date: November 5th, 2007

Common sense moves Country Wide

5 November, 2007 (11:36) | Markets, Subprime, US News | No comments

Common sense is not so common. — Voltaire
 
Showing eminent common sense, and uncannily echoing AHI’s pre-default recapitalization program, Countrywide Financial (which has been taking a beating lately, in the press and stock market), is making moves to pre-empt a wave of destabilizing defaults that would otherwise likely occur upon mortgage resets, by offering prepackaged modifications.
 

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