Fri, January 04, 2002
They filed the following rebuttal to the above Rip-Off Report: Their email: [email protected] Their name: John Doe Their relationship to the company: Supporter Rebuttal: This person doesn't seem to understand that Countrywide sells the underlying Mortgage to FNMA or FreddieMac or some other investor. Countrywide makes its money by servicing the loan for the investor and the investor requires all of the documentation they were asking for. The investor doesn't care that the person used to be a Countrywide borrower so the experience should be more "hassle free". Besides, who would ever think that getting a home loan is EVER hassle free? Regarding the appraisal, check any settlement statement on any mortgage ever written and under the heading "Costs paid by buyer" you will see that the buyer always pays for the appraisal and that this is not at all unusual.