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Real Estate & Property Law

: The Home Equity Theft Reporter

Hedge Fund Sues Countrywide Over $8.4B Bank Of America Loan Modification Settlement Of Predatory Lending Charges With State AGs

By r morris

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In New York City, Bloomberg News reports: Countrywide Financial Corp., the home lender acquired by Bank of America Corp., was sued by Greenwich Financial Services Fund over claims an agreement to reduce payments on mortgages by $8.4 billion would hurt investors.The hedge fund claims investors will be harmed by Bank of America?s settlement, reached on behalf of Countrywide, with 15 state attorneys

Full post as published by The Home Equity Theft Reporter on December 02, 2008 (boomark / email).

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