High Speed Swim Lane

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The 13-minute close?

Sep 27, 2013By

13 minutes. That’s how long a former official at Countrywide — now at Fannie Mae — alleges it took the former lender to approve loans in the industry-infamous “High Speed Swim Lane.” Of course, Countrywide’s business practices, and the loans they spawned, are now a problem Bank of America gets to deal with. Which I’m sure they’re just thrilled about over there these days.

3d rendering of a row of luxury townhouses along a street

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