Posts tagged as:

countrywide home loan modification

Countrywide Settles Subprime Suit With New Jersey

by Moe Bedard

Countrywide Financial Corp. and the state of New Jersey resolved allegations that the mortgage lender put borrowers in risky subprime loans.

The judgment calls for a no-fee, streamlined loan-modification program and sets aside $3.67 million for New Jersey borrowers and for foreclosure-mitigation programs.
Bank of America Corp., now the owner of Countrywide, is retiring the Countrywide name [...]

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Pennsylvania Attorney General Reaches $150 Settlement With Countrywide

by Moe Bedard

Attorney General Tom Corbett today announced that the Attorney General’s Office has reached a more than $150 million settlement with Countrywide Financial Corporation to obtain mortgage relief and cash assistance for thousands of Pennsylvania residents with loans through Countrywide.

Corbett said his office has been investigating Countrywide for several months and the investigation has centered on the subprime mortgages that were sold through Countrywide.

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WE ARE NOT DEADBEATS!

by Moe Bedard

Contributed by an American homeowner. A woman, mother and wife who is suffering in what was supposed to be her American dream…………………………………….
From the movie:  The Terminator
Kyle Reese: Listen. And understand. That terminator is out there. It can’t be bargained with. It can’t be reasoned with. It doesn’t feel pity, or remorse, or fear. And it absolutely [...]

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Why does Countrywide appear to have so many folks with troubled loans?

by Moe Bedard

Question to Moe from a reader and Countrywide borrower, Melena

Several years ago when I worked for a local builder, Countrywide was one of our preferred lenders. They seemed to have a strong customer service base but is apparent that has changed. Why? Did they grow too fast? New management perhaps? Why don’t they seem to [...]

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Loan Modification Approved – Courtesy of Angelo Mozilo and Countrywide

by Moe Bedard

Countrywide loan modification.
People think that I enjoy reporting doom and gloom. Some people out there in the bogsphere think that I get my thrills by bashing Angelo Mozilo and Countrywide. One person has went so far to say this about my blog, “He also pointed to me to what may be the most anti-Countrywide blog out there.”  Thanks Jane [...]

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Countrywide’s HOPE Department

by Moe Bedard

OK, it seems like a lot of people are having difficulty in dealing with Countrywide’s HOPE Department which handles all loss mitigation, collections, loan workout’s and loan modifications. The problem that I see is not the people seeking help but the way calls are handles and the service you do get once you do speak with a representative [...]

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