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Home » Store » News » Countrywide Touts ‘Responsible’ Option ARMs

Countrywide Touts ‘Responsible’ Option ARMs

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Countrywide Financial is touting an origination disclosure and servicing process that it claims will help reduce the risks for option ARM borrowers. The process was outlined by Countrywide Chairman and CEO Angelo Mozilo during a recent day-long investor conference in New York. He said that the company has focused on warning customers early and often about the details of their option ARM loans – Countrywide’s most profitable product...
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