Leadpile's Blog» Countrywide http://www.leadpile.com/lead-exchange-blog Leadpile - The World's Largest Lead Marketplace / Lead Exchange - Where Lead Buyers and Sellers Meet! Mon, 12 Dec 2011 20:43:33 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 AZ Attorney General Asks Lenders For Help http://www.leadpile.com/lead-exchange-blog/2008/10/10/az-attorney-general-asks-lenders-for-help/ http://www.leadpile.com/lead-exchange-blog/2008/10/10/az-attorney-general-asks-lenders-for-help/#comments Fri, 10 Oct 2008 14:28:56 +0000 Mari Woods Holt http://www.leadpile.com/lead-exchange-blog/?p=4954 In an effort to help distressed homeowners, Arizona attorney general Terry Goddard is asking mortgage lenders to set up streamlined modification plans for their mortgage customers. This is similar to what Countrywide recently rolled out to their mortgage customers. In addition to AZ, there are 9 other states such as California, Ohio, Illinois, and Texas. According to The Phoenix Business Journal, the lenders these states are approaching are Wells Fargo Home Mortgage, JPMorgan Chase, Morgan Stanley Home Loans, HSBC Finance Corp, Citigroup, and American Home Mortgage Servicing Inc.
I am not sure why all 50 states are not apart of this action, however it seems like a logical way to start putting a dent in what is going on with all the bad loans on the books. I hope we will hear more about this, because this might be one of those occasions where we WANT the government to get involved.

]]> http://www.leadpile.com/lead-exchange-blog/2008/10/10/az-attorney-general-asks-lenders-for-help/feed/ 1 Bank of America and Countrywide Mortgage acquisition now complete! http://www.leadpile.com/lead-exchange-blog/2008/06/27/bank-of-america-and-countrywide-mortgage-acquisition-now-complete/ http://www.leadpile.com/lead-exchange-blog/2008/06/27/bank-of-america-and-countrywide-mortgage-acquisition-now-complete/#comments Fri, 27 Jun 2008 14:41:18 +0000 Mari Woods Holt http://www.leadpile.com/lead-exchange-blog/?p=1874 lead exchange Bank of America and Countrywide Mortgage acquisition now complete!According to MSNBC today, the Bank of America acquisition of Countrywide Financial Corporation is official and should be completed by July. However, this scenario is all too familiar to this industry. Mega giant ACC Capital Holdings (parent company of Ameriquest Mortgage and Argent Mortgage) was acquired by Citigroup and then soon after, ALL the remaining Ameriquest Mortgages branches were shut down. However, Bank of America doesn’t seem to be hiding the fact that they are going to be cutting 7,500 jobs over the next two years, but they did not mention specifically where yet.
So what sort of affects will this have on people? There area a lot of people that are going to be out of work and a lot of customers that are potentially going to be seeing a different lenders name on their mortgage statement. Either way, there are a lot of people that have a really tough road ahead for them, but there are resources that could help.
As a lead company Leadpile will see some affect from this in different aspects. For instance, there still could be those consumers that are still looking to refinance their home, or other customers needing help with all that debt that will be piling up. We want those lenders out there that are still looking for FRESH leads of people wanting to refinance their home. We are the perfect marketplace for those lead buyers.

Leadpile is an exchange of the buyers and sellers of those lead types and many more. We welcome them all so we can try and help as many of these people affected by this situation as we can!

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