October 18, 2007 (LPAC)--Let the truth about Countrywide financial be told. The following is report sent by an LPAC supporter in San Diego, California.

"My name is -- and I am a special education Teacher who supports this Act [Homeowner and Bank Protection Act]. We actually purchased a home using "stated income," a horrible sub-prime loan that has "recast" [interest rate reset], and we are forced to refinance or lose the house. We asked about balloon payments, the lender said it did not have one. Despite our situation, no one reviewed our loan documents with us and we were not properly educated. We, also, did not know which questions to ask, so no one offered to educate us, real estate agent nor lender (Countrywide). Shame on them! Now we are in negative amortization [equity], although we purchased the home putting down about $120,000.

Thanks for fighting for those who are misled and misguided into these horrible loans, which can, and are, destroying what families work so hard to build, their homes and dreams. Respectfully, an LPAC supporter and member."