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: CL&P Blog

NPR: Countrywide Loan Officer Coaching Loan Applicants to Lie

By Christopher Peterson

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by Christopher Peterson

National Public Radio ran a story this morning reporting on a Washington, D.C. family's experiences applying for a loan with Countrywide. The customer says that Countrywide's loan officer aggressively coached her to lie about her and her husband's income. The story, which also quotes Ira Rheingold of the National Association of Consumer Advocates, sheds light on whether the mortgage brokers and loan officers have actually changed their practices following the foreclosure crisis.

Full post as published by CL&P Blog on May 06, 2008 (boomark / email).

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