Household HSBC Watch

ORLANDO, Fla., Jan. 14 /PRNewswire/ — Countrywide Home Loans, Inc., a national leader in expanding homeownership across America, today announced an extension of its We House America® initiative to fund $1 trillion in home loans to minorities and lower-income borrowers and communities through 2010. The We House America program has already placed 2.4 million families into homes, and we expect to nearly triple that number by 2010.”

Consumer advocates at Household - HSBC Watch said “although we refrain from endorsing any company, consumers see hope in Countrywide, where they saw hurt and despair with predatory lending and Household International in the past.”