Most of my troubles with Countrywide began when I was told I needed put customers in more exotic products such as the "No Income-No Ratio (NINA)," "Stated Income-Stated Assets (SISA)," any ARM product or the classic "Pay Option ARM" (where you have a choice of 4 payments). Countrywide offered incentives for putting customers in those types of products. My customers needed stability on their loan and didn't need to refinance every two to three years stripping them of their equity (provided they had any). I didn't agree with their policies so my tenure was short-lived.

From July of 2007

America's oldest black civil rights group sued a dozen mortgage lenders on Wednesday, claiming the companies discriminated against blacks by steering them into higher-interest, subprime loans while giving more favorable loan terms to white borrowers.

The lawsuit, which seeks class-action status, was filed in U.S. District Court in Los Angeles.

It demands a court order barring the lenders from discriminating against blacks and compelling them to comply with fair housing and credit laws.

Among the defendants named in the suit are Ameriquest Mortgage Co., Citigroup Inc., HSBC Finance Corp. and Washington Mutual Inc.