Mortgage Application
Apply for a free, no-obligation quote from Florida Home Loan
Florida Home Loan offers the best interest rates on mortgage loans with outstanding customer service to
give you a pleasant experience with your re-finance,
home equity loan or new home purchase.

Give us a chance to prove it by clicking here.
Start

Countrywide will help 82,000 borrowers

Posted at October 23rd, 2007 10:57 am by Eric Hochberger
Filed under: Countrywide, Mortgage Defaults, Mortgage Refinancing, Mortgage Restructuring, Subprime Mortgage

Countrywide Financial has offered to help refinance or restructure up to $16 billion worth of adjustable rate mortgages through 2008.

Countrywide said its program will help up to 82,000 borrowers to face upcoming payment adjustments.  Countrywide will be offering new mortgages to 52,000 subprime mortgage borrowers.  It also plans on modifying the loan terms for $4 billion worth of loans for some 20,000 borrowers who are unable to refinance.  And finally, Countrywide is going to restructure $2.2 billion worth of loans for subprime borrowers who are currently delinquent on their mortgages.

You can read more about Countrywide refinancing and restructuring at CNBC.

« Florida Mortgage Foreclosures can take years
The House considers home loan reform »

One Response to “Countrywide will help 82,000 borrowers”

  1. hatidza Says:
    January 20th, 2008 at 11:42 am

    countrywide help is only a joke.I called and want to lower my mortgage payment what increases from $3,000 to $ 4,000/month and I was turned down because my house is worthed about same amount how much is my loan…I hate when television,news said go to bank and negotiate well it is a big joke..BANK ARE A BIGGEST CRIMINALS and even if you want to do something and stay in house nobody cares…..

Leave a Reply