ACG 6685 Florida Atlantic University New Century and Countrywide Response reply to the following below about new century and countrywide.I had a great time

ACG 6685 Florida Atlantic University New Century and Countrywide Response reply to the following below about new century and countrywide.I had a great time reading your post. I definitely believe that there was a subtle difference between New Century and Countrywide when it all came down crashing for both companies. New Century had used all its resources to create new loan programs that would be suitable for those individuals with “subprime” eligibility. In doing this, New Century, just like Countrywide, created various types of loans that were tailored to the needs and accomedations of the consumer. That sounds like they are doing something good for the public, right? Well, that was the problem. It looked good because the justification in giving these mortgage loans was the “American Dream” and access to obtain the home of everyone’s dream. The executives of these companies justified their wrong with what they believed was right, but as we know, in fact it was not all right because the majority of these loan owners did not have the means to pay their mortgage once the interet increased and the dust had settled. At the time, the homebuyers didn’t know it was going to get so bad for them, but maybe the executives did. What do you think?