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Enterprising Investor

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Re: Olmsted post# 131

Tuesday, 01/29/2013 11:38:36 AM

Tuesday, January 29, 2013 11:38:36 AM

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The remaining Countrywide case involves R&W issues on purchased loans.

There are several counts in the complaint. It provides a very interesting look inside the Countrywide origination business. I do not remember the exact number of loans, but the potential recovery is many millions.

I will review this evening and report back.

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International

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