Industry News

Countrywide, Concordia enter joint venture

Form mortgage co. to serve Las Vegas area
Published on Mar 22, 2004

Countrywide Home Loans and Concordia Homes last week announced the formation of MCH Mortgage, a mortgage venture that aims to provide home buyers in the Henderson, Nev., area access to a wide variety of home financing programs. MCH Mortgage, an operating division of Countrywide Mortgage Ventures, will offer qualified home buyers zero down-payment loans and a variety of fixed- and adjustable-rate options with optimum flexibility on rate and terms. MCH Mortgage will also offer Fast & Simple, a special program that enables qualified borrowers with excellent credit access to a streamlined loan application, and extended rate locks to protect the buyer or seller, subject to time limits. Calabasas, Calif.-based Countrywide Home Loans Inc. originates, purchases, securitizes, sells and services primarily prime-quality loans. Countrywide Mortgage Ventures was founded in 2001 to facilitate joint ventures between Countrywide Home Loans and various home builders, real estate companies and fina...