Countrywide settlement to help 21,000 in Illinois keep homes (Chicago Tribune)
5 Oct 2008 at 9:48pm
Illinois, 7 states reach $8.8 billion settlement with mortgage giant Countrywide to refinance homes Illinois, California and at least six other states have reached an $8.8 billion settlement of their lawsuits against Countrywide Financial, the biggest subprime mortgage lender, in a deal that should help some 21,000 Illinois residents keep their homes.
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.
Bank of America in $8 bn settlement: Report (rediff.com)
6 Oct 2008 at 3:04am
The costs of the programme 'have already been estimated and accounted for' by Bank of America as part of its acquisition of Countrywide, a BoA spokesperson told the WSJ. Countrywide Financial Corporation is a diversified financial marketing and service holding firm engaged primarily in residential mortgage banking and related businesses.
Mortgage help being shifted away from Ohio (The Columbus Dispatch)
3 Oct 2008 at 3:52am
If the $700 billion mortgage-lender bailout leaves you shaking your head, wondering when struggling homeowners will get theirs, consider this:
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