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Real Estate & Property Law

: The Home Equity Theft Reporter

Countrywide To Cough Up $600M To Settle Shareholder Lawsuits Alleging Failure To Disclose Loose Lending Standards

By r morris

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In Los Angeles, California, USA Today reports:Countrywide Financial will pay $600 million to end shareholder lawsuits alleging that it misled investors, in the largest settlement to emerge so far from the subprime mortgage meltdown. The agreement has received preliminary approval from a U.S. District judge in Los Angeles, and a final approval and hearing is scheduled Nov. 15. Countrywide's

Full post as published by The Home Equity Theft Reporter on August 04, 2010 (boomark / email).

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