Home -> Law Blog Directory -> Bankruptcy Blogs -> Credit Slips
(866) 635-2689 for Personal Injury or (866) 635-9402 for Criminal Defense
Find a Local Lawyer
Divorce (866) 635-6190
Personal Injury (866) 635-2689
Criminal Defense (866) 635-9402
Bankruptcy
: Credit SlipsA Countrywide Settlement
By Angie Littwin
Bank of America has agreed to settle a deceptive mortgage practices lawsuit on behalf of its relatively new subsidiary, Countrywide Financial, the notoriously aggressive mortgage lender. The attorneys general of Illinois and California negotiated the settlement on behalf of their states and at least nine others. The settlement will cost BOA approximately $3.5 billion in California and $190 million in Illinois. The settlement funds will go towards reducing payments for Countrywide borrowers with subprime and/or adjustable-rate mortgages, waiving prepayment and late fees, paying damages to customers who have already lost their homes, and subsidizing the relocation of those who are now in foreclosure.
A BOA spokesperson said that the bank plans to introduce the program in December. Hopefully more details about who will qualify will be available soon.
Full post as published by Credit Slips on October 06, 2008 (boomark / email).
Countrywide Financial Corp
Served with Two Lawsuits
Countrywide Financial Corp.
allegedly charged borrowers improper foreclosure fees.
Countrywide
Faces Class Action over Strong-Arm Tactics used to Intimidate Appraisers
KB Home and Countrywide Financial Corp.
allegedly conspired with appraisers to boost housing prices as the market crashed.
Airborne Settlement
Company agrees to pay consumers $23.3 million class action settlement for false advertising.
Shareholder Settlement
R&G Financial Corporation agrees to $39 million securities fraud class action settlement.
#1 Online Legal Resource
On 08-25 at 15:46PM
Acute perpendicular parking #NYPD #NYFD
On 08-18 at 22:18PM
Parallel parking gone bad. Too much gas UES NYC
On 08-18 at 21:41PM
UES NYC
On 08-18 at 21:25PM
Twitter suspends journalist critical of broadcast partner's coverage on dubious grounds @guyadams #nbcfail #twitterfail
On 07-30 at 17:57PM
Model example of 1st Amendment suppression by the People of New York City's Michael Bloomberg #OWS #NYPD
On 07-12 at 21:07PM
AG Holder lackadaisical on Operation in our Sites domain name seizures & RIAA lobbied free speech suppression @dajaz1
On 06-08 at 22:44PM
Why is the Catholic Church going to court over Obama contraception policy? @NewYorker commentary
On 05-31 at 10:08AM
Monks sue Louisiana for right to sell caskets made from forrest destroyed by Katrina
On 05-31 at 07:47AM
Are the abortion ultrasound laws headed for the Supreme Court?
On 05-15 at 21:52PM
Court of Chancery Permits Discovery for a Settlement Hearing
Ind. Courts - AG files suit against Countrywide Mortgage, joining other states
Countrywide Announces Another Big Loss
Countrywide Attempting to Settle Claims of Bankruptcy Manipulation in PA
Connecticut AG files Suit Against Countrywide - Santa Calls
 |
|
Contact Us | About Us | Celebrity Law Blog |
Our Partners | Disclaimer
| Law Blog Directory
| Law Jobs
| Law Tweets
| Oil Spill Video
All original material © 1999-2011 by USLaw.com. All other material, including Blog Directory feed content, are © by their respective copyright holders. |