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Real Estate & Property Law

: The Home Equity Theft Reporter

Countrywide To Temporarily Freeze All Pennsylvania Foreclosures As Part Of $150M Suit Settlement With State AG

By r morris

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Reuters reports: Countrywide Financial Corp has agreed to provide an estimated $150 million in mortgage relief and cash assistance for Pennsylvania homeowners to settle a state lawsuit over its lending practices, officials said on Wednesday.Countrywide, once the nation's largest mortgage lender and now part of Bank of America Corp, also agreed to freeze foreclosure proceedings until it determines

Full post as published by The Home Equity Theft Reporter on January 28, 2009 (boomark / email).

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