Tuesday, July 26, 2011

Countrywide to pay $108 Million to 450,000 home owners

Based on FTC investigations and findings of excessive fees on servicing default/delinquent mortgages serviced 1/1/2005 thru 7/1/2008; incorrect figures about what they owed on their mortgages; and fees/escrow charges - vast majority will get less than $600.

Source: http://www.nytimes.com/2011/07/21/business/countrywide-to-pay-borrowers-108-million-in-settlement.html


References to products and services are not a specific endorsement, but the user must perform their due diligence and investigate whether the product or service is right for them. I welcome any or all comments that would help others.

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