Comments on: The Countrywide Bailout Explained http://blog.heritage.org/2008/06/13/the-countrywide-bailout-explained/ Fri, 10 Feb 2012 22:29:33 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Morning Bell: Fannie and Freddie Failure Forever | The Foundry: Conservative Policy News. http://blog.heritage.org/2008/06/13/the-countrywide-bailout-explained/#comment-109254 Morning Bell: Fannie and Freddie Failure Forever | The Foundry: Conservative Policy News. Thu, 06 May 2010 13:29:21 +0000 http://www.foundry.org/2008/06/13/the-countrywide-bailout-explained/#comment-109254 [...] to fail” status to create and grow the subprime security market was essential.But Sen. Dodd, who received V.I.P. treatment from Countrywide CEO Angelo Mozilo, never saw any problem with Fannie and Freddie. On July 13, 2008, Senator Dodd said on national [...] [...] to fail” status to create and grow the subprime security market was essential.But Sen. Dodd, who received V.I.P. treatment from Countrywide CEO Angelo Mozilo, never saw any problem with Fannie and Freddie. On July 13, 2008, Senator Dodd said on national [...]

]]> By: Morning Bell: What’s the Worst Part of This Bill? | The Foundry: Conservative Policy News. http://blog.heritage.org/2008/06/13/the-countrywide-bailout-explained/#comment-80613 Morning Bell: What’s the Worst Part of This Bill? | The Foundry: Conservative Policy News. Tue, 12 Jan 2010 21:16:54 +0000 http://www.foundry.org/2008/06/13/the-countrywide-bailout-explained/#comment-80613 [...] bailout go directly to the banks that irresponsibly lent money to risky borrowers. That’s why Countrywide Financial and Bank of America have pushed so hard for this program. And since it is a voluntary program, the [...] [...] bailout go directly to the banks that irresponsibly lent money to risky borrowers. That’s why Countrywide Financial and Bank of America have pushed so hard for this program. And since it is a voluntary program, the [...]

]]> By: LBJ St. Loui http://blog.heritage.org/2008/06/13/the-countrywide-bailout-explained/#comment-11815 LBJ St. Loui Tue, 30 Dec 2008 07:36:40 +0000 http://www.foundry.org/2008/06/13/the-countrywide-bailout-explained/#comment-11815 The same thing that made this Country rich and powerful will be the same thing that destroys it, The profit motive. It's not out of kindness that the butchers or bakers provides fresh meats or donuts to you and I. They do it because they get paid to do it. Chrysler, US Steel, Toy Manufactures, HP, Sony, Wall Mart, Dave and Busters, Harvard, Hospitals, the list is endless. They provide you and I with goods and services for one reason only, Profit... So what makes you thing this large government protected bank would be any different? We may have won the revolution, but we're slowly but surely losing the middle class war. Ann of Michigan, look up the name Rothchild. It probable won't help your mortgage situation, but a least you'll know who controls most of the banks in this Country, including Country wide. Oh, and by the way, The Rothchilds like PROFITS... The same thing that made this Country rich and powerful will be the same thing that destroys it, The profit motive. It's not out of kindness that the butchers or bakers provides fresh meats or donuts to you and I. They do it because they get paid to do it.

Chrysler, US Steel, Toy Manufactures, HP, Sony, Wall Mart, Dave and Busters, Harvard, Hospitals, the list is endless. They provide you and I with goods and services for one reason only, Profit… So what makes you thing this large government protected bank would be any different? We may have won the revolution, but we're slowly but surely losing the middle class war. Ann of Michigan, look up the name Rothchild. It probable won't help your mortgage situation, but a least you'll know who controls most of the banks in this Country, including Country wide. Oh, and by the way, The Rothchilds like PROFITS…

]]> By: Anne of Michigan http://blog.heritage.org/2008/06/13/the-countrywide-bailout-explained/#comment-9640 Anne of Michigan Sun, 23 Nov 2008 14:50:24 +0000 http://www.foundry.org/2008/06/13/the-countrywide-bailout-explained/#comment-9640 Most recently I contacted Countrywide to restructure my loan. My current loan with them is not late and I have been an excellent customer with them for over 5 years. Recently, my son passed away, my company went into receivership and my brother was transferred out of state (we shared the home and its expenses). Countrywide informed me that the only option I have is to apply for a 2 month deferment of my regular mortgage payment and I would have 90 days from today to make up those two payments plus late fees plus penalties plus special assessment fees. If, within 90 days, I was unable to pay the entire amount in full my account would be sent for an accelerated foreclosure (45 day foreclosure). There was no other option available for me. I wonder, if I were Senator Dodd, would Countrywide restructure my loan at a lower interest rate? Would I be facing foreclosure? I have owned this home for 25 years that is longer than Countrywide has been in business. My current account is not late, but if I don't sign this deferment deal with Countrywide will they take my home in 45 days as they have threatened? It must be nice to be a VIP. Facing Foreclosure Most recently I contacted Countrywide to restructure my loan. My current loan with them is not late and I have been an excellent customer with them for over 5 years. Recently, my son passed away, my company went into receivership and my brother was transferred out of state (we shared the home and its expenses). Countrywide informed me that the only option I have is to apply for a 2 month deferment of my regular mortgage payment and I would have 90 days from today to make up those two payments plus late fees plus penalties plus special assessment fees. If, within 90 days, I was unable to pay the entire amount in full my account would be sent for an accelerated foreclosure (45 day foreclosure). There was no other option available for me. I wonder, if I were Senator Dodd, would Countrywide restructure my loan at a lower interest rate? Would I be facing foreclosure? I have owned this home for 25 years that is longer than Countrywide has been in business. My current account is not late, but if I don't sign this deferment deal with Countrywide will they take my home in 45 days as they have threatened? It must be nice to be a VIP.

Facing Foreclosure

]]> By: Dodd, Who Received Sweetheart Loan, Pushing Countrywide Bailout : The American Pundit http://blog.heritage.org/2008/06/13/the-countrywide-bailout-explained/#comment-1485 Dodd, Who Received Sweetheart Loan, Pushing Countrywide Bailout : The American Pundit Mon, 16 Jun 2008 18:55:48 +0000 http://www.foundry.org/2008/06/13/the-countrywide-bailout-explained/#comment-1485 [...] age-old answer applies yet again: Check Dodd’s political affiliation. The Heritage Foundation wrote about this, as Patrick calls it, quid pro quo. We have been calling Sen. Chris Dodd’s (D-CT) housing bailout [...] [...] age-old answer applies yet again: Check Dodd’s political affiliation. The Heritage Foundation wrote about this, as Patrick calls it, quid pro quo. We have been calling Sen. Chris Dodd’s (D-CT) housing bailout [...]

]]> By: Politics in the Zeros. Anti-war, global warming, peak oil, progressive politics » Sen. Dodd chairs Senate Banking Committee yet got sweetheart mortgage deal http://blog.heritage.org/2008/06/13/the-countrywide-bailout-explained/#comment-1409 Politics in the Zeros. Anti-war, global warming, peak oil, progressive politics » Sen. Dodd chairs Senate Banking Committee yet got sweetheart mortgage deal Fri, 13 Jun 2008 19:38:06 +0000 http://www.foundry.org/2008/06/13/the-countrywide-bailout-explained/#comment-1409 [...] The Heritage Foundation snarkily says The Countrywide Bailout Explained. [...] [...] The Heritage Foundation snarkily says The Countrywide Bailout Explained. [...]

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