Former Countrywide Execs Start New Mortgage Firm

Isn't this sort of like cigarette companies that get you hooked on nicotine and then sell you the patch? Former Countrywide executives, including the company's former president, have started a new company called PennyMac aimed at helping borrowers restructure loans so they can avoid foreclosure and maintain their payments. My guess: they've probably got some great leads from their past customer list.