That’s to say nothing of the dire straights of Countrywide Financial. Therefore, the few home loans that do manage to emerge from the constipated mortgage lending industry are carrying much higher rates of interest than prevailed six ...

There’s Still Too Much Inventory
“Angelo Mozilo, CEO of beleaguered Countrywide Financial Corp., said Tuesday that the lender was making progress in adjusting to the harsh new realities of the home mortgage market.” “‘With pain comes opportunity,’ Mozilo said at an ...