Sunday, March 9, 2008

Countrywide Investigated by FBI?

This is no surprise to me, at least. When I worked in the home loan origination department at a large bank there were numerous entities very similar to Countrywide that were, and remain, suspect.

We hated to see a loan that had been sold to one of those entities because it usually meant shaky paperwork, incomplete documentation and legal wrangles that seemed to go on forever. I spent the majority of my time on the phone tracing the paper trail which, in some cases, seemed more tangled than a skein of embroidery floss.

It's also no surprise that the official spokesperson is "unaware of any investigation." Uh huh.

Original link to NYT article:

Countrywide Investigated by FBI
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1 comment:

Anonymous said...

Very interesting since CW is one of the lenders we sell loans too. Wonder how much longer that will happen if our higher ups get wind of this?!

March 18, 2008 at 8:02 AM

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A hobby cook from the Midwest. Experiments, thoughts, new recipes, maybe even a photo or two... You noticed the pouting little girl with the words superimposed over her face? Growing up in the 60s and 70s the refrain of "there are starving children in [insert current poverty-stricken nation] that would love to have such... etc etc etc." I don't know that anyone actually believed all that but the image of a starving foreign child, holding out a bowl in hopes of being gifted with boiled tongue or green tomato pie, was pretty powerful. I do recall the kind of trouble kids would inevitably be in if they dared to say what most of us thought: "Well, then, send this stuff right on over to those poor, starving [insert country] kids." I don't usually post other people's photos, just my own. If you want to borrow or use one of my photos, I would appreciate your asking first. I usually don't mind but do hate having my work attributed to someone else. By the way, I found the photo of that pouting girl on the web with no attribution. If it's yours? We'll deal, ok? Thanks.
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