Unite Here, a New York-based labor union, has launched a website that it terms "an open resource on the subprime lending crisis and the nation's No. 1 subprime lender, Countrywide Financial Corp."Unite Here, which says it represents over 450,000 North American members, said it has also sent a survey to 1,500 borrowers who took out Countrywide adjustable-rate mortgages. The union said it will use the survey to research customers' experience, including knowledge of the terms of loans at the time they were made. The new website can be found at http://www.eyeoncountrywide.info, and the union can be found at http://www.unitehere.org.
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CrossCountry increased its agreed-to offer for the real estate investment trust by 50 cents per share, as UWM Holdings made an unsolicited bid on April 20.
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