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by CareyBot

Countrywide Home Loans Inc. today announced a joint venture with Pacific Coast Communities, a San Diego home builder. The residential mortgage powerhouse and home builder formed PCC Mortgage Group, which aims to provide more home-financing options to San Diego County homeowners. "PCC Mortgage Group will offer some of the most competitive loan products, interest rates and services in the industry. A variety of loan programs, including zero-down-payment loans and fixed- and adjustable-rate options will be available through PCC Mortgage Group," company officials said today. PCC sells between 300 and 400 units per year. The latest announcement is part of a Countrywide push to engage in joint ventures with home builders, real estate companies and financial service companies. The company forme...