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Bankruptcy
: McLeod Law OfficesThe US Trustee v. Countrywide
By Bill McLeod, Esq.
It has been reported that the US Trustee has subpoened records from Countrywide Financial, one the largest mortgage lenders - if not the largest. According to CNNMoney.com (and a New York Times report), in two separate bankruptcy cases in Southern Florida, the debtors
objected to Countrywide's claims of what was owed on their home loans. One couple contended that their mortgage payments were current, while Countrywide claimed $2,400 in overdue mortgage payments in that case.
Countrywide has not commented on the litigation. Yet.
Full post as published by McLeod Law Offices on November 28, 2007 (boomark / email).
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allegedly conspired with appraisers to boost housing prices as the market crashed.
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