Trending

Countrywide expands in NYC

Sign Up for the undefined Newsletter

As mortgage lenders across the country are beaten down by delinquencies on subprime loans and forced to go out of business, Countrywide Financial Corp.–the nation’s largest home mortgage lender–says it is expanding its reach in New York City. The company announced today that it is acquiring Home Mortgage Acceptance Co., a Manhattan-based lender. “We’re extremely bullish on the Manhattan market,” said Eric Declercq, an executive vice president at Countrywide who heads up the company’s New York metro-area branches. more By Gabby Warshawer

Recommended For You