Countrywide expands closing assistance program, launches modification programMortgagePress.comMortgage closing assistance program,sub-prime modification
Following successful launches in the Dallas/Fort Worth, Texas
and Washington, D.C. markets, Countrywide Financial Corporation has
extended home loan closing cost assistance to eligible customers in
seven new metropolitan areas.
The new areas of coverage are Atlanta/Sandy Springs/Marietta,
Ga. (up to $1,000); Chicago/Naperville/Joliet, Ill. (up to $1,500);
Los Angeles/Long Beach/Glendale, Calif. (up to $2,000); New
York/Wayne/White Plains, N.Y. (up to $2,000);
Phoenix/Mesa/Scottsdale, Ariz. (up to $1,000); Riverside/San
Bernardino/Ontario, Calif. (up to $2,000); and Santa
Ana/Anaheim/Irvine, Calif. (up to $2,000).
Additionally, Countrywide Financial Corporation has launched a
nationwide home preservation program to reach out to its borrowers
at risk of default. The program consists of an outbound calling
initiative to refinance or modify up to $16 billion of loans for
borrowers facing adjustable-rate mortgage resets through the end of
Countrywide Financial Corporation is a diversified financial
services holding company based in Calabasas, Calif. For more
information, call (818) 225-3000 or visit http://my.countrywide.com.