Countrywide Forms JV With Dot-com

Countrywide Home Loans Inc., Calabasas, Calif., and previewproperties.com have announced the formation of propertymortgage.com as an operating unit of Countrywide Mortgage Ventures LLC.The companies said the joint venture will enable buyers and sellers of homes to gain access to more than 130 loan programs while simplifying the buying or selling process. Customers of previewproperties.com who choose home financing through propertymortgage.com will derive various benefits, including: a consultant who works closely with a previewproperties.com Realtor to develop personalized financing options; streamlined loan applications for borrowers with excellent credit; extended rate locks; and Streamlined UpFront Approval if there has been no change in the borrower's financial condition, and subject to a satisfactory property review. The companies can be found online at http://www.countrywide.com, http://www.previewproperties.com, and http://www.propertymortgage.com.