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.
Arizona Congressmen discuss financial rescue bill (ABC 15 Phoenix)
5 Oct 2008 at 3:11pm
Members of the Arizona Congressional delegation returned home Saturday facing voters after the historic vote on the $700 billion dollar economic rescue bill.
Bank Settles Countrywide Mortgage Lawsuit (CBS News)
6 Oct 2008 at 6:00am
Facing a lawsuit over deceptive mortgage practices, a Bank of America Corp. subsidiary has agreed to modify tens of thousands of loans to keep people in 11 states from losing their homes, the Illinois attorney general's office said.
Countrywide borrowers to get mortgage relief (SouthtownStar)
6 Oct 2008 at 9:52am
Borrowers stuck with mortgages they can't afford from Countrywide Frinancial could see their interest rates reduced or have the loan principal cut under an $8.7 billion settlement worked out by Bank of America, Illinois, and California. Other borrowers might get help moving to a new home or pay nothing but interest for a decade.
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