Countrywide announces $16B refinancing program - New Mexico Business Weekly:: "In the wake of the credit crunch and troubles with the subprime mortgage market, Countrywide Financial Corp. will refinance or restructure $16 billion in mortgages as part of a 'home preservation program' aimed at keeping at-risk homeowners in their homes. In the wake of the credit crunch and troubles with the subprime mortgage market, Countrywide Financial Corp. will refinance or restructure $16 billion in mortgages as part of a 'home preservation program' aimed at keeping at-risk homeowners in their homes. "
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