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Countrywide Subprime Lending Crisis

Countrywide & Subprime Lending Crisis

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Title: Countrywide & Subprime Lending Crisis

Essay Details:

Subject: Business

Author: Garry H

Date: April 23, 2013

Level: University

Grade: A

Length: 17 / 4817

Essay text:

2007 has definitely not been Countrywide's year. The company has lost its place as America's Home Lender and has been quoted by few as America's Home Wrecker. Countrywide reacted to the crisis, but reacted slowly. Originally Countrywide denied the existence of the problem and downplayed its importance. As the problem developed into a crisis, company's reactions seemed obligatory and sometimes spasmodic. To the defense of Countrywide, the social issues and implications of the crisis are much larger than them, and the whole U.S banking industry has not yet been able to deal with its domino effects...

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