Countrywide, Florida's largest mortgage lender, defends financi...

Countrywide Financial Corp. tried to fend off speculation about its financial viability today, announcing that its home-loan fundings had risen above forecast last month.

[O-TOWN]

This read more like a press release then a report

[antonio]

What happens to my mortgage with Countrywide if they go belly up?

[what-once-was]

"Then everybody simultaneously saw the writing on the wall, and panic selling ensued. With thousands of sellers and very few buyers, prices came down with a sickening thud, twitched a bit, and then crawled down even lower. "
This was 1926 Florida..sound familiar. The experts at Countrywide and almost every wall street firm sure got their cut though..
http://www.investopedia.com/features/crashes/...

[Ryanonymous]

antonio wrote:

What happens to my mortgage with Countrywide if they go belly up?

They won't... don't worry

[15yrs-in-mtgs]

if they go bankrupt, their servicing dept will still function, until all servicing is purchased by another lender/servicer... don't get excited, you will still have to pay your mortgage