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XYZ Brokerage

Email: jeff@xyzbrokerage.com

Phone: (206) 555-1234

Website: www.xyzbrokerage.com

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Is Your Lender Still In Business?

Here Is Another Great Resource For Those Of You Who Are Wondering If Your Lender Is Still In Business Or On Shakey Ground.
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Larry
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November 23 2007 - US

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Profile picture for Countrywide2008
Mortgage Lender

Lender rating

3.7/5.0

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Contributions: 251
182 and counting, interesting how they have listed CW one of the 'lenders to watch'! Watch our stock price shoot thru the roof over the next 10 years. I'm not guessing when I state that these imploded companies is the reason for the subprime mess, but because they are out of business no one can talk to them.
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December 10 2007
Profile picture for frank1003
Contributions: 266
I think the fact that CW is doing EVERYTHING possible to do right by their customers speaks volumes, much more than can be said for the 182 others that either didn't have the desire, capability or neither. Although, admittedly, many individuals on this board could put up a solid argument to the contrary, my opinion as I've stated in prior posts is that CW will be around for a LONG time.
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December 10 2007
Profile picture for MORTGAGE OPERATOR
Mortgage Lender

Lender rating

4.3/5.0

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Contributions: 2080
I totally agree with you Frank... CW has a name...and it all started with 2 guys.. BOA is injecting money in their company.. how much is their stocks now? Maybe is a good idea to buy now.. let's ask Jim Crammer! :)
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December 10 2007
Profile picture for frank1003
Contributions: 266
Screw Cramer. I'm less confident in BOA than I am in CW. This is even scarier: "Earlier this week, Citigroup sold up to 4.9 percent of itself for $7.5 billion to the Gulf Arab emirate of Abu Dhabi, giving it fresh capital as it wrestles with the subprime mortgage crisis. Abu Dhabi will be Citigroup's largest shareholder." (Quoted from Reuters, Wenesday, 11/28)
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December 10 2007
Profile picture for frank1003
Contributions: 266
I've forgotten to take my medication again (then again, I may have taken it twice again). I just find it hysterical that we have been hell bent on giving credit to illegal aliens (I-Tin loans) and other non-creditworthy individuals, only to have the largest S&L in the country (Citi) having to turn to "our friends the Saudis" for cash. Am I the only one who hears $4/gal gas here? (DISCLAIMER: This comment should only be construed as satiristic humour and was not intended to offend anyone.)
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December 10 2007
Profile picture for MORTGAGE OPERATOR
Mortgage Lender

Lender rating

4.3/5.0

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Contributions: 2080
Citigroup has decided to cease operations of their second mortgage division
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December 10 2007
Profile picture for frank1003
Contributions: 266
Gotta wonder.
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December 10 2007
 

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