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Home » Store » News » Countrywide Builds Better Mousetrap For Snaring Joint Venture Prospects

Countrywide Builds Better Mousetrap For Snaring Joint Venture Prospects

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Countrywide Home Loans has launched a new subsidiary to create unique joint ventures with homebuilders and real estate agencies. While Wells Fargo and other major lenders have spawned many joint ventures with builders and realtors over the years, officials at Countrywide said their business model offers potential partners significant benefits over the normal setup. And although new production captured through these joint ventures isn’t quite as profitable as loans originated directly, officials say joint
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