Thread: Countrywide
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Old 08-23-2007, 12:53 PM
DesertCat DesertCat is offline
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Join Date: Aug 2004
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Default Re: Countrywide

NY Times reporting CFC agreed to buy back loans from securitizations if they ever were modified, i.e servicer is forced to offer better terms/rate to keep borrower current. Never heard of this before, big potential liability.
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