Complaint Rating:

After putting 20% down on my home I got a adjusted mortgage & a prepenalty. I couldn't refinance until May 07. I now find out that shouldn't have happened, because I put a lot of money down. I started my refinance process in May with CountryWide. They kept my refinance going for 4 months and ran my credit down almost 100% and decide they couldn't do it. Now I'm trying again, but having a hard time because all the banks are closing, my credit lower and my income is not enough. Instead of the 6% and a pay out I was being offered 3 - 4 months ago, its now 10% with pay out or no pay out, and a lower interest rate. Instead of my credit being 720 when I started it is now 620. Who runs your credit 19 times in 4 months, Countrywide did. If I don't get thru this in the next month, I will find myself foreclosing. In my case Countrywide is responsible and they're suppose to be my mortgage company. I thought who better to turn to. What do I do now? I tried the steps to avoid foreclosure and was screwed instead. All that 0% down is false advertising.