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Hi, I wanted to call your attention to this post we did on Countrywide and the fact that it's still running advertising. It's worthy of a debate I think, but we take the position that they should focus their resources on securing the loans.


Leading Home Mortgage Loan Company On The Verge Of Bankruptcy Still Running Ads

Brian Brady

Nice analogy, Joe.

Agency paper is the colas while the Alt-A is the "niche" soft drinks.

Mortgage Mark

I used to work for Countrywide. We were approving loans that had no business getting done. The NINA and SISA programs were a joke.

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The court of appeals granted the plaintiffs’ petition and overruled the trial court’s order. The court of appeals employed the balancing test found in Valley Bank. The court first found the objectors met the criteria to establish the requested documents were an invasion of their privacy. The plaintiffs then demonstrated that the requested information was directly relevant to their claims and essential to a fair resolution of the lawsuit. Thus, the information was discoverable. The court of appeals found that the trial court’s failure to analyze each category of requested information under the standard of Valley Bank was an abuse of discretion.

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