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Countrywide exec to lead BofA mortgage unit

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stefan olafson

Senior Member
Joined
Apr 2, 2003
Professional Status
Certified General Appraiser
State
North Dakota
So, you are an executive of a company and you direct it into the largest train wreck in history and are rewarded with a promotion?

The fox appears to be well entrenched in the hen house!
 

USPAP Compliant

Thread Starter
Elite Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
North Carolina
Yep, not sure he would make my short list of executives.
 

William K

Senior Member
Joined
Sep 21, 2007
Professional Status
Certified Residential Appraiser
State
Illinois
Countrywide exec to lead BofA mortgage unit ..................................


INTO RUIN!:rof: :rof: :rof: :rof:
 

Non Sequitur

Elite Member
Supporting Member
Joined
Feb 14, 2002
Professional Status
Certified Residential Appraiser
State
Louisiana
So, you are an executive of a company and you direct it into the largest train wreck in history and are rewarded with a promotion?
Because it's one big boys club. Also the execs didn't get hosed and still got their bonuses, so in their minds he brought home the bacon. Bastids, every one of them.
 

Scott Kibler

Elite Member
Joined
Oct 7, 2003
Professional Status
Certified Residential Appraiser
State
Illinois
I'm sure he has a hot wife, can drink like a fish and is a scratch golfer. What other criteria do you need?
 

Karl

Elite Member
Joined
Jan 15, 2002
Professional Status
Licensed Appraiser
State
Arizona
Follow the paper work Ladies & Gentlemen here is a company that had they waited 6 months could probablly bought for less than they paid. Now THINK what would make BofA so bent on buying this. Could it be that much of Bof A BAD opaper went through CW??

For those on here so hungry they worked for nothing to get MORE work. Lets see how many of those that got full fee are in CW's PortFolio. I'm betting an equal amount.. BofA is gambling there is enough good loans to cover the bad they put in CW,

Don't forget this is NOT yet a done deal. They may want to keep this guy quiet & a promise of a job with a lucrative salary & retirement program, even for a very short term just might keep him quiet.
 

Scott Kibler

Elite Member
Joined
Oct 7, 2003
Professional Status
Certified Residential Appraiser
State
Illinois
Now THINK what would make BofA so bent on buying this.

I'm thinking moral suasion.

I'm thinking they're buying regulator goodwill.
 
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