Re: What happens to my mortgages if CountryWide goes bust?
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Keep the faith buddy, ride it down to 0. Being the largest lender does not make them immune from a collapse. They are the largest lender for a reason. They were giving every Tom, Dick, and Harry a loan. No documentaion, no nothing. All of their mortgages are suspect...subprime, alt-a, prime. You are just kidding yourself if you think they will recover. Their only out is a buyout. 150 mortgage companies have gone bust, soon to be 151.
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Faith, ride down to 0? what are you talking about? I don't own them I just dont think they are going bust. I dont even have a loan with them. If they were to go down, that would be very bad. So can you tell me when they are going bust, that is how soon? Since you seem to know.
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