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Consumer Law

: CL&P Blog

Countrywide weary of homeowner pleas for help

By Alan White

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Angelo Mozilo, CEO of Countrywide, inadvertently replied to a homeowner's email requesting foreclosure prevention help by saying he found these requests disgusting and unbelievable (because the homeowner used a template from a website to write his hardship letter.) Apparently, the homeowner in question has now settled his dispute with Countrywide, subject, however, to some sort of confidentiality agreement. Perhaps this explains why Countrywide seems to offer fewer loan modifications than othe read more

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Full post as published by CL&P Blog on May 25, 2008 (boomark / email).

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