Countrywide and Coldwell Banker Form Joint Venture for Simplified Home Financing

Countrywide Home Loans, Inc., a national leader in residential finance, and Coldwell Banker Wachholz & Company have announced the formation of Granite Peak Mortgage Services, an operating division of Countrywide Mortgage Ventures, LLC. This joint venture aims to simplify the home buying and selling process by offering a wide array of home financing programs and competitive loan products. With over 130 loan programs available, home buyers can choose from zero downpayment loans, fixed and adjustable rate options, and optimum flexibility on rate and terms. The seasoned loan counselors of Granite Peak Mortgage Services are available to assist customers at the following location and phone number.

Key Takeaways:

• Countrywide and Coldwell Banker Wachholz & Company have formed a joint venture, Granite Peak Mortgage Services, to simplify home financing.
• The joint venture offers over 130 loan programs, including zero downpayment loans, fixed and adjustable rate options, and optimum flexibility on rate and terms.
• Home buyers can access a wide array of home financing programs and competitive loan products through Granite Peak Mortgage Services.
• The joint venture aims to reduce the complexity of the home buying and selling process for customers.
• Countrywide Home Loans, Inc., a subsidiary of Countrywide Financial Corporation, will originate, purchase, securitize, sell, and service primarily prime-quality loans through Granite Peak Mortgage Services.
• Countrywide Mortgage Ventures, LLC, a separate subsidiary of Countrywide Financial Corporation, was founded in 2001 to facilitate joint ventures between Countrywide Home Loans, Inc. and various homebuilders, real estate companies, and financial services companies.

Statistics:

• Over 130 loan programs are available through Granite Peak Mortgage Services.
• Countrywide Financial Corporation has more than 30,000 employees with over 600 offices.
• The company is headquartered in Calabasas, California.
• Best of all, they know why you've been drawn to Montana -- because each of them was once captured by this place, just as you have been.

Sources:

• Countrywide Home Loans, Inc., "Countrywide and Coldwell Banker Announce Joint Venture to Simplify Home Financing"
• Countrywide's Web site at http://www.countrywide.com/
• Countrywide Mortgage Ventures, LLC.
• Coldwell Banker Wachholz & Company.
• Contact: Janet Quan of Countrywide, +1-800-796-8448; or Dave Stone for Coldwell Banker Wachholz & Company, +1-406-751-4318