Bad mortgage settlement includes Ohio (The Cincinnati Enquirer)
6 Oct 2008 at 9:31am
Facing a lawsuit over deceptive mortgage practices, an arm of Bank of America Corp. has agreed to the largest program ever to modify home loans, as part of a settlement with officials in 11 states, including Ohio, just days after the federal government adopted a giant financial rescue package without any relief for distressed homeowners.
Countrywide Settles State Consumer Fraud Cases for $8.4 Billion (Bloomberg)
6 Oct 2008 at 7:22am
Oct. 6 (Bloomberg) -- Countrywide Financial Corp. , the home mortgage lender, will offer interest rate and loan principal reductions plus other distressed borrower relief valued at $8.4 billion to settle consumer fraud complaints from 11 states.
Countrywide Settles Fraud Cases for $8.4 Billion (Update1) (Bloomberg)
6 Oct 2008 at 9:30am
Oct. 6 (Bloomberg) -- Countrywide Financial Corp. , the home mortgage lender acquired by Bank of America Corp. in July, will offer interest rate and loan principal reductions plus other distressed borrower relief valued at $8.4 billion to settle consumer fraud complaints from 11 states.
Many pieces go flying from mortgage implosion (Dallas Morning News)
5 Oct 2008 at 6:42am
WASHINGTON ? Your taxpayer credit card is on the counter, all set to get the economy moving again. Caveat emptor ? let the buyer beware. The value of the mortgage-backed securities the federal government is set to buy is hard to decipher when the good, the bad and the scary are bundled together.
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