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Loan Modification

Judge rejects Countrywide settlement

Posted by Moe Bedard On May - 9 - 2008

PHILADELPHIA - A bankruptcy judge has rejected Countrywide Financial Corp.’s proposal to settle accusations that it fabricated evidence used in a bid to foreclose on a home.

Judge Thomas Agresti of the U.S. Bankruptcy Court in Pittsburgh on Tuesday dismissed the company’s request to settle a dispute with Sharon Diane Hill, a Pittsburgh area woman who was threatened with foreclosure by the country’s largest home lender. Agresti said he wanted more information about the alleged false documents.

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