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Loan Modification

: The Truth About Mortgage.com

Countrywide to Pay $108 Million for Overcharging Homeowners

By scot184

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Former mortgage lending giant Countrywide has been ordered by the FTC to pay out $108 million in refunds to homeowners who were overcharged by the company’s servicing division. After borrowers fell behind on mortgage payments (mind you from terrible mortgage products like the infamous option arm), Countrywide’s loan servicing operation began overcharging homeowners for things like [...]

Full post as published by The Truth About Mortgage.com on June 07, 2010 (boomark / email).

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