Posted by Barry Simeone on 10/7/08 6:54pm
Msg #266601

reverse mtg online course/countrywide

Does anyone have any info for reverse mtg. training thru Countrywide

Reply by MW/VA on 10/8/08 10:12am
Msg #266617

I'm curious--how did you hear about this? I do RM's for BOA, but didn't know CW was doing them. I've very curious about the online course, and wonder if it for signing agents or loan brokers?

Reply by Mia on 10/8/08 10:30am
Msg #266618

Here's some info...... & Michigan Attorney General....

Well I'm not sure if they are still offering the training due to the sale.
I did a Google search and came up with the following website:
http://www.austin-notaryservices.com/reverse_mortage_training.html


**But this is a little side note that may interest some, from the Michigan
Attorney General.

"October 6, 2008

LANSING - Attorney General Mike Cox today announced a major settlement between the State of Michigan and Countrywide Financial, the nation's largest mortgage lender, resulting from allegations of predatory lending. The settlement will provide relief for more than 10,000 current and former Michigan homeowners who are struggling with the national home foreclosure crisis.

"Through our negotiations, we have provided a helping hand to thousands of Michigan families who are struggling with the foreclosure crisis," said Cox. "And, unlike the Wall Street mess, this was no bailout. Countrywide is paying, not the taxpayers."

As a result of the negotiations, Countrywide must offer to refinance thousands of Michigan mortgages, provide millions in financial assistance and stop questionable loan practices. "