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This scandal included giving discount or VIP loans to members of legislative parties. It caused an uproar because certain people, like Jim Johnson who made $100million, was still given loans on the base fact that he didn't pay his bills on time. The purchase of these loans made by tax-payer companies pushed them into insolvency.

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Q: What was the Countrywide loan scandal about?
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What scandal has been attached to the Countrywide Loans company?

The U.S. financial political loan scandal in 2008-2009 involved Countrywide Loans who allegedly received favorable mortgage rates. It was one of the biggest scandals worldwide.


Where can one find information on countrywide home loan?

One can find information on countrywide home loan in local newspapers, by contacting a countrywide home loan agent and consulting with them, or by looking up information online.


What kind of services does Countrywide Mortgage offer to consumers?

Countrywide Financials was acquired by the Bank of America in 2008. Countrywide offered loan servicing, loan producing, home loans and general banking services.


Where can one get a country wide home loan?

A home loan from Countrywide is no longer available. The mortgage service company was bought out by Bank of America in January of 2008. All of the existing Countrywide loans were then transferred to Bank of America.


What is a contact method to reach Countrywide Home Equity Loan Company?

To contact Countrywide Home Equity Loan Company one could call their local banking facility to find the contact information. Online one can contact the company through their website.


When did Countrywide home loan servicing merge with BAC Home Loans Servicing?

When did they become a part of bankofameerica


Does Countrywide Home Loans Servicing LP still exist?

Countrywide Home Loans Servicing, LP is now BAC Home Loan Servicing, LP and they are still operating out of Simi Valley, CA.


What home loan products does Countrywide provide?

Countrywide has refinance mortgage solutions you could be able to use for debt consolidation or accessing available equity that may have built up in your home. Refinance loans can be used to help with many personal financial situations such as reducing monthly payments, home improvements, college tuition and more. Home Equity Loans and Home Equity Line of Credits are Countrywide solutions for accessing available equity that may be available on your home. Countrywide works to find the best home loan solution for you. They also offer reverse mortgage products through Countrywide Bank. countrywide sucks got in the preditory loan with countrywide in 2000 screwed us out of about $75,000 and went through forecloser. would not help in anyway to save our home.only called us everyday sometimes twice a day wanting to know what we were going to do.the only help they suggested was to sell,by this time there were 200 homes for sale in the aera.we went down the drai in 2005 thank to COUNTRYWIDE.


What information does one need to provide to obtain a Countrywide home loan?

Information required is social security number, income, amount of loan, what the property is worth, and source of income that will be used to repay the loan.


Can you help us sue former CEO of Countrywide since we lost our house to them If they can all get "bailed out" and still be worth millions, I think he (among others)should spread back the wealth among us who lost everything trying to keep our homes!?

You would not have "lost" your house to countrywide. You must have stoped paying back your loan and countrywide got stuck with your house for having been stupid enough to give you a loan. Countrywide is guilty of being stupid, you are guilty of buying something you couldn't afford to pay for.


What banks provide countrywide home loans customer service assistance?

There are many banks that are countrywide that have home loan customer service assistance. Banks that can be found across the country would be Bank of America, Wells Fargo, and possibly Navy Federal.


What is Countrywide's population?

The population of Countrywide is 2,010.