Acorn and Countrywide deal to help homeowners

An article written in Bangalore India and published by Reuters said Countrywide and housing advocacy group ACORN claim they reached an agreement to formalize workout programs to help borrowers with all types of subprime loans avoid foreclosure. Although Countrywide certainly can use all the help they can get others say it is Countrywide’s responsibility. While commending Acorn’s assistance we wonder how introducing a third party relates to Bush’s subprime bailout. Here is the Reuters article.