Industry News

Countrywide, Coldwell Banker M.M. Parrish enter joint venture

New mortgage firm will target north-central Florida market

Countrywide Home Loans and Gainesville, Fla.-based Coldwell Banker M.M. Parrish today announced the formation of Founders Mortgage Services, a mortgage venture that will enable home buyers across Florida's Alachua County access to a wide array of home financing programs. Founders Mortgage Services, 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. Founders 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...