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Is Countrywide Fabricating Evidence?

By Bill McLeod, Esq.

Today?s New York Times is reporting that Countrywide Financial ?fabricated documents related to the bankruptcy case of a Pennsylvania homeowner.? Apparently, the documents were letters addressed to the homeowner claiming that $4,700 was owed. Countrywide?s local counsel told the bankruptcy court that the letters were ?recreated.?

?These letters are a smoking gun that something is not right in Denmark,? Judge [Thomas P.] Agresti said in a Dec. 20 hearing in Pittsburgh.

Countrywide denies any wrongdoing.

Read more here.

For an interesting take on this, please check out Tanta's entry early this morning over at Calculated Risk: "Turns Out Judges Don't Like 'Efficient' Servicers.'"

Full post as published by McLeod Law Offices on January 08, 2008 (boomark / email).