SDR,
I agree with you on the use of taxpayer money for this kind of bail out. I personally have had negative experience with Countrywide. My relatives had a short sale set up and because CW delayed, the house and the sale was lost. This was probably the beginning of the downturn. We also had an equity line with them about four years ago and because they did not want to extend it (for some remodeling) without renegotiating including a point, we paid it off and took out one with another company. However, we receive e-mail constantly on the low rate fixed loan jumbo we have had for about 5 years. They would be happy to renegotiate that one to “lower my payment” because that one is a 15 year that is being paid off early. I just do not like the way they do business and having Mickey the bat on their butt seems like some kind of payback to a company that deserves it.
