Industry News

Countrywide, Concordia enter joint venture

Form mortgage co. to serve Las Vegas area

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...