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Countrywide and TELACU Announce Joint Lending Venture.

Publication: PR Newswire
Publication Date: 26-MAY-05 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Companies Join Forces to Create TELACU Community Mortgage

LOS ANGELES, May 26 /PRNewswire-FirstCall/ -- Countrywide Financial Corporation , the nation's largest lender to multicultural markets*, and Community Commerce Bank, a subsidiary of TELACU, the nation's largest community economic development corporation, today announced a new joint lending venture -- TELACU Community Mortgage. The new venture will fulfill the mortgage needs of customers of Community Commerce Bank and in nearby communities.

TELACU Community Mortgage will enable homebuyers to access a wide array of home financing programs, while simplifying the entire process of buying. The new joint venture will offer some of the most competitive loan products, interest rates and services in the industry, from zero down loans to a variety of fixed and adjustable rate options with flexibility on rate and terms.

"Homeownership is...

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