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Subprime Lending with Criminal Intent? Attorneys general in Illinois and California are asking why Countrywide Financial made so many loans to people who couldn't afford them.

Stephen Taub, CFO.com | US
December 14, 2007

Save Homes/Stop Deceptive Lending

Our Loan Compliance Advisory Group is committed to helping "Protect The American Dream." We are dedicated to helping Homeowners Nationwide, that may be victims of Deceptive Lending Practices.We are open for any suggestions on how we can help. Please contact Joseph Bisogno at (800) 529-7184 or visit our web site at www.loancomplianceadvisorygroup.com


Several members of our Loan Compliance Advisory Group attended the "March on Wall Street." We support the "Save Our Homes/Restructure Loans" important message that Rev. Jackson and his dedicated coalition members are spreading across America. The December 10th rally, one of several across the United States, sponsored by Rev. Jessie Jackson's Rainbow PUSH Coalition, the National Association for the Advancement of Colored People and the Urban League, was a magnificent well planned informative event.

Posted by Joseph Bisogno | Jan 16, 2008 5:01 AM ET

commissions

Countrywide made so many loans like that because that is how they incentivized sales people (mortgage brokers) through their commission scheme.

If you are looking for villins, look too to the sales people who gladly did what it took to grab their part of the cash.

Posted by Roland Cycan | Dec 14, 2007 3:32 PM ET