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"Countrywide sets $1 trillion target for home loans to poor, minorities." Daily News (Los Angeles, CA). McClatchy-Tribune Information Services. 2005. HighBeam Research. 6 Jan. 2017 <https://www.highbeam.com>.
"Countrywide sets $1 trillion target for home loans to poor, minorities." Daily News (Los Angeles, CA). 2005. HighBeam Research. (January 6, 2017). https://www.highbeam.com/doc/1G1-127172336.html
"Countrywide sets $1 trillion target for home loans to poor, minorities." Daily News (Los Angeles, CA). McClatchy-Tribune Information Services. 2005. Retrieved January 06, 2017 from HighBeam Research: https://www.highbeam.com/doc/1G1-127172336.html
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Byline: Gregory J. Wilcox
Jan. 17--CALABASAS, Calif. -- Countrywide Home Loans Inc. on Friday increased its minority and low-income borrower lending goal to $1 trillion over the next five years.
It's a $400 billion extension of the Calabasas company's "We House America" initiative established in 1992. At that time, the goal was $1.25 billion in loans to minorities and low-income borrowers over the next several years.
The focus proved successful, and in 2001 the company set the bar at $600 billion in these kinds of loans by 2010.
However, by the end of last year the company had reached the $300 billion mark and decided to aim higher, said Mary Duron, senior vice president of fair lending and the "We House America" program at Countrywide. …
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