Countrywide Financial ended up being one of several biggest mortgage brokers in america

Countrywide Financial ended up being one of several biggest mortgage brokers in america

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Countrywide Financial had been started in 1968 by Angelo Mozilo and David Loeb. In 1992, it absolutely was the originator that is largest of single-family mortgages in the us. By 2006, the business had been rated 122 regarding the Fortune 500 list and had become certainly one of the nation’s mortgage lenders that are largest. That exact same 12 months, Countrywide financed almost $500 billion in loans. The business would provide to both prime borrowers—those with high credit scores—and subprime borrowers—those with reduced credit ratings and also require trouble with repayment schedules. Continue reading “Countrywide Financial ended up being one of several biggest mortgage brokers in america”