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Countrywide's NYC expansion continues with latest acquisition.


Countrywide coun·try·wide  
adv. & adj.
Throughout a whole country; nationwide: launched a fundraising campaign countrywide; a countrywide search.

Adj. 1.
 Home Loans, Inc., a member of the Countrywide[R] family: America's #1 home loan lender, announced it has acquired Home Mortgage Acceptance Corporation.

The former Home Mortgage Acceptance Corporation office will become a Countrywide Home Loans branch, helping the company's existing offices serve New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 and surrounding areas.

"Countrywide is excited to be expanding our capacity to serve New York, and we're looking forward to bringing the operations of Home Mortgage Acceptance Corporation into the Countrywide family," said Jan Scheck, vice president and area sales manager sales manager ngerente m/f de ventas

sales manager ndirecteur commercial

sales manager sale n
 for Countrywide Home Loans.

As a result of the acquisition, home buyers, homeowners and real estate professionals in New York and surrounding areas will have increased access to Countrywide's local underwriting, competitive rates and personalized per·son·al·ize  
tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es
1. To take (a general remark or characterization) in a personal manner.

2. To attribute human or personal qualities to; personify.
 service.

"Our transition to the Country-wide family gives us access to the wide range of home loan products and services of a large mortgage lender, while still allowing us to keep our loan processing local," said Seth Cohen Seth Ezekiel Cohen is a fictional character on FOX series The O.C., played by Adam Brody. Background
Seth or Sethala is a 19-year-old who lives in Newport Beach in Orange County (O.C.), California.
, former president of Home Mortgage Acceptance Corporation and current branch manager for Countrywide Home Loans.

"This means the best of both worlds for our customers--variety with a local touch."

This newest Countrywide branch, located at 1155 Avenue of the Americas, will possess the authority to approve loans locally. This operational format helps Countrywide's home loan experts to work directly with borrowers and real estate professionals for improved communication and faster loan closings.

To help meet the needs of all customers, Countrywide offers a full range of mortgage products, including fixed-rate and adjustable, conventional, government and jumbo loans Jumbo Loan

Any residential or commercial mortgage with a loan amount exceeding the guidelines of Fannie Mae and Freddie Mac.

Notes:
Rates tend to be slightly higher on jumbo loans because lenders generally have a higher risk.
. Low- and zero-down payment programs are also available.
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Title Annotation:FINANCE
Comment:Countrywide's NYC expansion continues with latest acquisition.(FINANCE)
Publication:Real Estate Weekly
Date:Mar 21, 2007
Words:265
Previous Article:$14.5m Deutsche loan.(FINANCE)
Next Article:Terra closes $23m loans.(FINANCE)
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