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Home / PA: State Joins Settlement With CountrywidePA: State Joins Settlement With Countrywide
Last Updated on Thursday, 29 January 2009 11:12 Written by rslcpol Thursday, 29 January 2009 11:12
From The Abington Journal:
Pennsylvania has joined a settlement with Countrywide Financial Corp. that makes available as much as $155 million to help keep thousands of state residents in their homes.
Thirty other states have signed agreements with Bank of America Corp., which acquired Countrywide last year and announced in October that it would pay more than $8 billion for interest rate and principal reductions for nearly 400,000 customers nationwide.
The Pennsylvania deal was announced Wednesday by state Attorney General Tom Corbett, whose office spent several months investigating alleged deceptive mortgage practices by Countrywide and its affiliates.