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INDUSTRY UPDATE
Countrywide Home Loans, Inc. and Paragon Financial Resources, announced February 10 the formation of Paragon Financial Mortgage, an operating division of Countrywide Mortgage Ventures, LLC. With more than 130 loan programs available, qualified home buyers have options that include zero down payment loans, an especially attractive benefit for transferees who have yet to sell their existing home. The company also offers a variety of fixed and adjustable rate options with optimum flexibility on rate and terms.
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Option One Mortgage Corporation, one of the nations leading residential mortgage lenders, today announced updated best practices for its wholesale and retail loan origination businesses, including H&R Block Mortgage Corp., and its mortgage servicing operation.
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