Complaint Rating:

Company information:
Countrywide Home Loans
4094 Mississippi St #6
San Diego, California
United States
Phone: 619-770-1847

I'm not sure if what happened to me falls under predatory lending per se but it must be consider fraud. I had a condo and loan in San Diego through Countrywide and used a Countrywide authorized loan agent to process my loan application. For my income I faxed on my company letterhead a memo stating I made $60k annually and it was signed by my manager. I just found out the amount reported on my loan doc is $160k not the $60k I reported. When I called 'The Bianchi Team - 858-678-1503' authorized loan agents for Countrywide, they claim my income statement was never received and is not in my file. Countrywide tells me the loan is a 'stated' loan so no documents are required and the person that serviced my loan is no longer working in their office so I have no evidence, except for the original signed mem that I faxed, to show that my income was overstated by Countrywide which deems the contract illegal and a fraud.

I lost the $60k a year job, had to scramble to find a job that paid half that amount, had to short sale my home, lost over $61k in down payment and closing fees, and now my credit is ruined for 7 years or more.