I found this quote from the May 9, 2007 edition of the San Diego Union-Tribune daily newspaper in an article on how mortgage companies are trying now to help people save their homes.
"We would much rather work with a borrower than go through the foreclosure process," said Steve Bailey, Countrywide's senior managing director of loan administration. "We lose money on a foreclosure, the borrower is out of their home, and nobody is happy. The math works against us."
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