Countrywide begins program to refinance adjustable-rate mortgages (Minneapolis-St. Paul Star Tribune)
Story date: 2007-10-23 05:37:15
Added on: 2007-10-23 09:00:19
CALABASAS, Calif. Countrywide Financial Corp., the nation's largest mortgage lender, said Tuesday it will begin calling borrowers to offer refinancing or modifications on $16 billion in loans whose interest rate is set to adjust by the end of 2008. Countrywide has been under fire from all sides since early July it has had difficulties with loan financing, its chief executive is under fire for ...
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