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| 11/19/2002 | Parker Valley Center - In Parker Valley Center, Faestel Properties announces the lease of Countrywide Home Loans, Inc. Countrywide Home Loans, Inc., engages primarily in the mortgage banking business, and as such originates, purchases, sells and services mortgage loans. The Company's mortgage loans are principally prime credit first-lien mortgage loans secured by single one- to four-family residences (prime credit first mortgages). The Company also offers home equity loans and sub-prime credit loans. Countrywide also offers products and services that are largely complementary to its mortgage banking business, including underwriting of lender-placed mortgage insurance, insurance brokerage, mortgage-backed securities brokerage and underwriting, brokerage of bulk servicing transactions, loan processing and servicing in foreign countries, and retail banking. Countrywide is expected to open December 2002. |
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