Lender settles mortgage lawsuit (San Diego Union-Tribune)
6 Oct 2008 at 3:05am
Countrywide Financial has agreed to the largest program ever to modify home loans as part of a settlement with officials in 11 states, including California. Countrywide, the nation's largest lender and loan servicer that was recently acquired by Bank of America, had been sued by the states over what they said were predatory lending practices.
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 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.
Wash. joins settlement in suit over bad mortgages (KOMO Seattle)
6 Oct 2008 at 7:07am
Facing a lawsuit over deceptive mortgage practices, Bank of America Corp. is agreeing to pay more than $8 billion to modify hundreds of thousands of loans to keep people from losing their homes.
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