The Real Estate Wonk: Speaking of mortgages ... - Baltimore homes, apartments, real estate: Buying, selling, renting and housing news from reporter Jamie Smith Hopkins

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October 23, 2007

Speaking of mortgages ...

Countrywide has announced that it will offer "refinancing or modifications on $16 billion in loans whose interest rate is set to adjust by the end of 2008," the AP reports this morning:

Countrywide has been under fire since early July -- it has had difficulties with loan financing, its chief executive has been criticized for selling hundreds of millions of dollars in stock and it faces pressure from the government to help keep people from losing their homes.

I'm trying to find out how many of these eligible mortgages are local. Let me know if you get an offer, will you?

Posted by Jamie Smith Hopkins at 10:38 AM | Permalink | Comments (0)

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About Jamie Smith Hopkins

Jamie Smith Hopkins, a Baltimore Sun reporter since 1999, writes about the regional economy. Her reporting on the housing market has won national and local awards. Hopkins is a Columbia native and has lived in Maryland all her life, save for 10 months spent covering schools in Ames, Iowa.
She trained to become a wonk by spending large chunks of time as a geek and an insufferable know-it-all.
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