Comments on: Book Review: The Foreclosure Of America – The Inside Story of Countrywide Home Loans http://ownthedollar.com/2009/06/book-review-the-foreclosure-of-america-story-countrywide-home-loans/ Own the dollar....don't let the dollar own you. Tue, 01 May 2012 14:22:12 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: sara mortensonhttp://ownthedollar.com/2009/06/book-review-the-foreclosure-of-america-story-countrywide-home-loans/#comment-22632 sara mortenson Thu, 17 Jun 2010 05:43:22 +0000 http://ownthedollar.com/?p=1338#comment-22632 it really makes me mad to know that greed is the reason for this whole mess. and to realize that there was those in the industry that saw it for what it was from the beginning is appalling. it really makes me mad to know that greed is the reason for this whole mess.
and to realize that there was those in the industry that saw it for what it was from the beginning is appalling.

]]> By: Onishahttp://ownthedollar.com/2009/06/book-review-the-foreclosure-of-america-story-countrywide-home-loans/#comment-4126 Onisha Thu, 25 Jun 2009 02:55:48 +0000 http://ownthedollar.com/?p=1338#comment-4126 The Pick-a-pay or Option Arm was around before Countrywide got into it, Golden West had offered the product for years. http://www.post-gazette.com/pg/06130/688947-28.stm remember the SNL skit? http://michellemalkin.com/2008/10/07/the-forbidden-skit-full-transcript-and-screenshots-of-snls-sorossandler-bailout-satire/ Countrywide and other huge wholesale lenders had these massive, overly compensated wholesale divisions, the office of no thrift supervision oversight, and Marketing? The only real marketing of the program was done directly to mortgage brokers, who turned around and marketed the program to potential clients...smart people by many standards... lawyers, teachers, scientists, other mortgage people! You know what they say... "it's never the product that sucked the money out of your life savings....it was that nice looking Financial Advisor that just jumped out of the airplane and rode off on his Harley. :) The Pick-a-pay or Option Arm was around before Countrywide got into it, Golden West had offered the product for years. http://www.post-gazette.com/pg/06130/688947-28.stm remember the SNL skit? http://michellemalkin.com/2008/10/07/the-forbidden-skit-full-transcript-and-screenshots-of-snls-sorossandler-bailout-satire/

Countrywide and other huge wholesale lenders had these massive, overly compensated wholesale divisions, the office of no thrift supervision oversight, and Marketing? The only real marketing of the program was done directly to mortgage brokers, who turned around and marketed the program to potential clients…smart people by many standards… lawyers, teachers, scientists, other mortgage people!

You know what they say… “it’s never the product that sucked the money out of your life savings….it was that nice looking Financial Advisor that just jumped out of the airplane and rode off on his Harley.

:)

]]> By: Book Review: The Foreclosure Of America - The Inside Story of Countrywide Home Loanshttp://ownthedollar.com/2009/06/book-review-the-foreclosure-of-america-story-countrywide-home-loans/#comment-4051 Book Review: The Foreclosure Of America - The Inside Story of Countrywide Home Loans Tue, 23 Jun 2009 12:57:12 +0000 http://ownthedollar.com/?p=1338#comment-4051 [...] Proof, Interest Only Home Loans, Michaelson, Mortgage Originators, News Sources, Rise And Fall News Sources wrote an interesting post today onHere’s a quick excerptHave you ever wondered how America [...] [...] Proof, Interest Only Home Loans, Michaelson, Mortgage Originators, News Sources, Rise And Fall News Sources wrote an interesting post today onHere’s a quick excerptHave you ever wondered how America [...]

]]> By: Book Review: The Foreclosure Of America - The Inside Story of Countrywide Home Loanshttp://ownthedollar.com/2009/06/book-review-the-foreclosure-of-america-story-countrywide-home-loans/#comment-4050 Book Review: The Foreclosure Of America - The Inside Story of Countrywide Home Loans Tue, 23 Jun 2009 12:30:00 +0000 http://ownthedollar.com/?p=1338#comment-4050 [...] News Sources wrote an interesting post today onHere’s a quick excerptHave you ever wondered how America got into this home mortgage meltdown mess? Have you ever wondered what those giant mortgage originators were thinking of when they invented interest only home loans with no income proof required and then were shocked when it blew up in their faces? Adam Michaelson recently wrote a book called, " The Foreclosure of America: The Inside Story of the Rise and Fall of Countrywide Home Loans, the Mortgage Crisis, and the Default of the American Dream ". In J [...] [...] News Sources wrote an interesting post today onHere’s a quick excerptHave you ever wondered how America got into this home mortgage meltdown mess? Have you ever wondered what those giant mortgage originators were thinking of when they invented interest only home loans with no income proof required and then were shocked when it blew up in their faces? Adam Michaelson recently wrote a book called, ” The Foreclosure of America: The Inside Story of the Rise and Fall of Countrywide Home Loans, the Mortgage Crisis, and the Default of the American Dream “. In J [...]

]]> By: Book Review: The Foreclosure Of America - The Inside Story of Countrywide Home Loanshttp://ownthedollar.com/2009/06/book-review-the-foreclosure-of-america-story-countrywide-home-loans/#comment-4048 Book Review: The Foreclosure Of America - The Inside Story of Countrywide Home Loans Tue, 23 Jun 2009 12:15:58 +0000 http://ownthedollar.com/?p=1338#comment-4048 [...] the rest of this great post here Share and [...] [...] the rest of this great post here Share and [...]

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