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Good timing!

Submitted by Andrea Dickson on September 22, 2007 - 20:05.

So, I just got an offer to refinance from Countrywide Home Loans, who suggest that I change my mortgage to a 40-year loan. Can you imagine? They also addressed the letter to "A. Andrea". SOMEBODY didn't learn how to use mail merge properly.

I actually do feel very sorry for people who were hoodwinked into taking out mortgages that were too much too handle. I can see how easy it would be.

Also, the practice of bundling and reselling all kinds of loans and insurance to Wall Street strikes me as increasingly common - I wonder if any other industry is going to face the kind of drama that subprime is facing now? 

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