Countrywide Continues to Try to Calm Nervous Brokers

This is an open letter from Countrywide to its brokers regarding the recent market situation. This is the third such communication in a series that started here, and continued here. What are you thoughts? Honest, genuine insight in to Countrywide or marketing drivel to placate an important (but problematic) revenue source? Dear Business Partner: My previous note in this series of communications outlined some of the decisive steps that Countrywide®, America's Wholesale Lender® has taken to address projected industry declines in loan origination volume for the remainder of 2007 and into 2008. The focus of this note is the ongoing importance of the mortgage broker "value proposition" in today's mortgage market. This topic is particularly significant to all of us in the wholesa