Schmitz grew up in North Dakota where skating on frozen water is more popular than swimming, and swam at a Division 2 Metropolitan State College in Denver, which folded its swimprogram shortly after he graduated.
According to their claims Countrywide initiated the Hustle program, or HSSL which stands for High-Speed Swim Lane, in 2007 just as loan default rates were rising and as Fannie and Freddie were tightening their loan purchasing requirements.