Industry News

Countrywide, Brookfield Homes enter joint venture

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Countrywide and Brookfield Homes today announced the formation of BHI Mortgage, a mortgage company that will serve home buyers in California's Riverside and San Diego counties. BHI Mortgage, an operating Series 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. Countrywide Mortgage Ventures was founded in 2001 to facilitate joint ventures between Countrywide Home Loans and various homebuilders, real estate companies and financial services companies. The company is headquartered in Calabasas, Calif. Brookfield Homes constructs housing in four market areas: San Francisco Bay Area, Southland/Los Angeles, San Diego/Riverside in California, and Northern Virginia. *** What's your opinion? Send your Letter to the Editor to