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Real Estate & Property Law

: Housing Wire

A Tale of Two Loan Modifications, As Investors Sue Countrywide

By PAUL JACKSON

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A predatory-lending settlement that will see Countrywide modify as many as 400,000 loans, reducing payments due on mortgages it services by as much as $8.4 billion, has led a group of investors to sue Bank of America Corp. (BAC: 14.37 +11.83%) and Countrywide. In a complaint filed Monday morning by the New York-based law firm [...]

Full post as published by Housing Wire on December 02, 2008 (boomark / email).

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