1.0
Feb 14, 2012
Current employee
Recommend
CEO approval
Business outlook
Pros
Penny Mac and the FDIC, Black Rock, and ex-Countrywide President Stan Kurkland keep by distress loans that Countrywide was responsible for 1/4 of them. This means there are a lot of leads to call.
Cons
The lending side is as incompetent as you can imagine. They were recently put on supervision by Freddie Mac. They did about 30 loans, 3 were by back, or had to sold somewhere else, and Freddie wouldn't by 4. This is a 23% delinquency. I don't think Countrywide hit 10% and they were pretty much shut down.