Bank Of America To Modify Countrywide Loans (NPR)
Story date: 2008-10-07 07:15:28
Added on: 2008-10-07 07:27:23
In the boldest step yet by any bank to address the ongoing foreclosure crisis, Bank of America, which now owns mortgage giant Countrywide Financial, has settled with state prosecutors who sued Countrywide for predatory lending. Bank of America agreed to make loans more affordable for about 400,000 homeowners.
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