TITLE

New Countrywide Alt-A Program

AUTHOR(S)
Shenn, Jody
PUB. DATE
May 2004
SOURCE
American Banker;5/14/2004, Vol. 169 Issue 93, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Countrywide Financial Corp.'s home loan unit announced on Thursday that it is combining in an Optimum Loan Program various alternative underwriting guidelines. The program has been rolled out in the Calabasas, California, giant's retail division and will soon be available for brokers. Borrowers can get loans with certain combinations of higher loan-to-value ratios, undocumented incomes, brief credit histories, and higher debt-to-income ratios, among other Alt-A characteristics.
ACCESSION #
13095431

 

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