WebOct 7, 2008 · The bulk of the settlement - $8.4 billion - represents the reduction in principal and interest payments for Countrywide customers who hold adjustable-rate and fixed-rate subprime mortgages. In addition, Countrywide expects to waive $56 million in prepayment penalties and $79 million in late fees. WebDec 21, 2011 · The Department of Justice today filed its largest residential fair lending settlement in history to resolve allegations that Countrywide Financial Corporation and its subsidiaries engaged in a widespread pattern or practice of discrimination against …
Attorney General Baker Announces Nationwide Predatory Lending ...
WebJul 29, 2012 · The fourth-largest bank by assets has set a five-year lending goal in Memphis and surrounding Shelby County of $425 million, including $125 million for home purchases for low and moderate income borrowers, … WebDec 21, 2011 · NEW YORK (CNNMoney) -- The Justice Department announced a $335 million settlement with Bank of America Wednesday over discriminatory lending practice at Countrywide Financial. intc review
15 USC§1635 triggers and event, not a claim - FRAUD STOPPERS
WebOct 6, 2008 · It is the largest predatory lending settlement in history, far exceeding the $484 million deal struck in 2002 with the Household Finance Corporation. WebOct 6, 2008 · The Countrywide settlement will likely become the largest predatory lending settlement in history, dwarfing the nationwide $484 million settlement with Household … WebJul 12, 2012 · The settlement provides $184.3 million in compensation for wholesale borrowers who were steered into subprime mortgages or who paid higher fees and rates than white borrowers because of their race or national origin. intc reports