Another Reason We Partnered with Countrywide Home Loans

1/3 of Purchase Loans Originated by Mortgage Brokers Failed to Close Last Month Says Survey
Thursday, September 13, 2007 - By Staff Writer, The National Realty News

WASHINGTON, DC – About 33% of home purchase closings of loans originated by mortgage brokers were canceled during August, according to a new national survey, which also found that 57% of brokers’ customers could not refinance adjustable rate mortgages (ARMs) that had resetting interest rates.

The survey also asked mortgage brokers to specify the lenders they are most likely to use going forward. For prime conforming production, Countrywide was most often selected as the most likely lender going forward.

Countrywide Home Loans is an actual lender, not a broker. When you deal with Nelda Cales of Countrywide Home Loans you are getting a loan "directly from the bank". There is no question of your loan closing when you are working with the #1 mortgage lender in North America. MyGoldsboroAgent.com demands the best for our clients and this just one more reason that we chose Countrywide Home Loans as our strategic partner and team member.