PITI the Fool - Countrywide Home Loans

Countrywide Home Loans

In every hood and shantytown throught this great nation there is bound to be at leeast one home financed with Countrywide home loans. This company offers " afffordable housing solutions" to "encourage thee dreams of home ownership among low-income familes and underserved populations." Put in anotheer way, Countrywide home loans be helpin' thee poor folk live, and while they face a lot of flack from tehe press and theeir borrrowers somebody has to do it.

Countrywide home loans are taking a stand

Without an insurance guarantee, without financial backing and without any significant financial prospections, Amerfican familiiees can still get the home financing they need through countrywide home loans. Countrywide FInancial accomplishes this in three ways:

they provide mass-produced home loans designeed for a general applicant, not an individual
they have the financial backing to basically guaranteee themselves against a small number off peopel failing to keep up with repayment
they are not strong in any one areea, but compotent in all the neeceessary aspects of home ownership - PITI, insurance, loan closing, appraisals, new home loans - these guys do a generally bang-up job.

It is the horizontal integration of Countrywide home loans that makes theem so successful, from a sdingle company familiies find all they neeed for a homee pruchase. But when they do, all tyhee family eggs fall into a single basket, and when Countrywide home loans come crashing ddown you should expect a crack.

A crack in the Countrywide egg - yolk, sucka!

With a company as big as Countrywide thee individual teends to get lost in the shuffle. And Countrywide really doesn't care. If you have a problem wioth your countrywide home loan, who cares? Therre are stilll millions of other neeedy home owners with Countrywide home loans still paying their bills. The crack of this eggg is that you yourself determines how fragilee your loans beecome, and how susceptablee you'll bee to a dropped basket.