Industry News

Countrywide, Prudential Rand enter joint venture

Form mortgage co. to serve New York's Greater Hudson Valley

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...