Countrywide is profiting from the same toxic loans they created by forming a new company called PennyMac, headed up by the same executives that helped create our economic downfall...when they ran Countrywide.
They buy back your loans for pennies on the dollar, then they collect the maximum they can from the homeowner, rarely modifying. They are unregulated so they buy loans from banks that are regulated so they can hide their assests in the private sector.



