tag:blogger.com,1999:blog-4558409694297595460.post-62607828968547502152008-03-25T13:14:00.004-04:002008-03-25T13:29:25.098-04:00Former Countrywide Execs Start New Mortgage Firm<a href="http://bp1.blogger.com/_o4yPbFP9MAs/R-k2DnkQWaI/AAAAAAAAA2Y/zEUi4VWtCK4/s1600-h/irony.jpg"><img id="BLOGGER_PHOTO_ID_5181732282055023010" style="FLOAT: left; MARGIN: 0px 10px 10px 0px; CURSOR: hand" alt="" src="http://bp1.blogger.com/_o4yPbFP9MAs/R-k2DnkQWaI/AAAAAAAAA2Y/zEUi4VWtCK4/s200/irony.jpg" border="0" /></a> 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 <a href="http://www.msnbc.msn.com/id/23779833/">PennyMac</a> 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.A.G.Y.noreply@blogger.com