Posted by Nicole_NCali on 4/28/05 1:04pm
Msg #34606

What is the difference in the Countrywides?

I have done numerous re-fi's with countrywide loans. There was no additional Full Spectrum on them. By the way, these were done with NCS-Placer Title. I am confused as to what is the difference. Can someone enlighten me? By the way, the packages were pretty straight forward.

Reply by Brijoe_WA on 4/28/05 2:31pm
Msg #34629

Full Spectrum is the sub-prime division of Countrywide, while Countrywide itself is mainly A-paper.

Reply by Nicole_NCali on 4/28/05 3:33pm
Msg #34646

Fullspectrum would be a bunch more junk docs w/bad rates

Okay, now I get it. The countrywides that I closed were A-paper and really simple.

Reply by linda/nj on 4/28/05 7:11pm
Msg #34687

Re: Fullspectrum would be a bunch more junk docs w/bad rates

OMG the #### of junk docs!!!!! on full spectrum