Countrywide to give $8.4B in loan relief
Under the record predatory-lending settlement, Calabasas, Calif.-based Countrywide will provide $8.4 billion in direct loan relief for an estimated 400,000 borrowers nationwide.
Countrywide Financial Corp. has set aside billions in loan aid as part of an agreement with 11 states that had sued the nation’s largest home lender for predatory lending practices.
Under the record predatory-lending settlement, Calabasas, Calif.-based Countrywide will provide $8.4 billion
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