Countrywide's Logic

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Countrywide’s logic was to process as many loans as possible, the issue was they did not think about the people with poor credit they just wanted that loan no matter how they got it. They did not care that people could eventually lose their homes.
Originating those loans was strictly to make money no matter what the cost, if they had to fix the paper work or lie that is what they did. Countrywide had a quarterly quota to meet, and almost every loan that was written not only benefited Countrywide it also benefited the company writing it, because they also received a fee for processing the loan.
Most of the low income individuals were so excited to be able to purchase a home they did not read the fine print, nor did they realize having to
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