Hello,
After seeing the Dateline NBC story on Countrywide and there predatory tactics of putting people into loans not suited for them, I would like to know something.
I have a friend who has a Countrywide Mtg Loan who according to her was steered into an "Interest Only" loan (5/1 libor, refinance,
CW made 3.5 pts on this loan
) since the
CW loan officer stated it was her best option. She has good credit and was making $70K/year and applied for a $221,000 refi with
CW.
Yes she signed all the docs but is there any way to determine if
CW had predatory practices or recourse against CS that could work in her favor??
Many Thanks,
Remacts
Connect with Facebook
Linear Mode
