A Tale of Two Loan Modifications, As Investors Sue Countrywide

I would like to sue Countrywide (Bank of America), to get the rates and terms of my loan reduced. I have decided that they probably won’t be receptive to a modification unless they are sued for fraud.

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"Some of the people who walk through our doors have been tortured for one, two years or more," he said. now offering customers seeking loan modifications a single point of contact, and has set up.

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Last month Communities Creating Opportunity, a non-profit group in Kansas City, Missouri, invited representatives of Bank of America and Countrywide to negotiate loan modifications with local.

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A Tale of Two Loan Modifications, As investors sue countrywide corelogic: 5.1m properties remain in negative equity in Q3 2014 Negative equity can occur because of a decline in home value, an increase in mortgage debt or both.

Refinance or Loan Modification After Bankruptcy A predatory-lending settlement that will see Countrywide modify as many as 400,000 loans, reducing payments due on mortgages it services by as much as $8.4 billion, has led a group of investors to.

This is the tale of two companies, Robert Khuzami, Director of the Security and Exchange Commission’s (SEC) Division of Enforcement explained in a public statement announcing the filing of financial fraud charges against Countrywide Financial CEO Angelo Mozilo and two other former executives. countrywide portrayed itself as underwriting mainly prime quality mortgages using high underwriting standards.