A letter sent to wholesale partners of Countrywide was released tonight in an obvious attempt to calm any jitters amongst wholesale brokers partnered with the massive mortgage lender. Probably a good move on Countrywide's part; you know brokers are freaking out watching their lending options evaporate in to thin air on a daily basis. I have heard rumors that Bank of America and the other large institutions still standing are currently inundated with broker inquiries for approval. Heck chalk my company up as one over at BofA. Hey the loans have to go somewhere, right?
Here is the letter below:
This is unquestionably one of the most challenging times in the annals of mortgage lending. As such, this communication is the first of a series that will outline how Countr
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