Industry News

Countrywide, Prudential Rand enter joint venture

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Countrywide Home Loans and Prudential Rand today announced the formation of Hudson Home Loans, a mortgage venture that will enable home buyers across New York's Westchester, Rockland and Orange counties access to a wide array of home financing programs. Hudson Home Loans, 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. Hudson 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, r...