| | | Countrywide Customers to Get Foreclosure Assistance | | | Mon, 6 Oct 2008 08:38:56 EST
In a sweeping deal that could be worth more than $8.4 billion, Bank of America Corp. has agreed to settle claims brought by state Attorneys General regarding certain risky loans originated by Countrywide Financial Corp.? The move will diffuse some of the legal problems Bank of America inherited with its purchase of Countrywide Financial Corporation last July. The new program will involve the creation of a proactive home retention solutions expected to affect nearly 400,000 former Countrywide customers.
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