Governor J (boaltie2004) wrote,
Governor J
boaltie2004

Folks...this is HUGE!

Bankruptcy Court Approves Review of Countrywide

There has been quite a bit of press concerning Countrywide's apparently abusive and illegal practices related to it's customers. Now the Bankruptcy Court is getting involved after repeated inconsistencies between the amount Countrywide says folks owe on their loans (with nasty fees for supposedly late payments and legal fees to collect those payments) versus what Countrywide was able to prove or adequately document.

Countrywide is right about one thing, this action is going to continue to shed light on a company that was a criminal enterprise on par with Enron. I hope BofA is getting it's money's worth.
Tags: countrywide, nasty lender's file
Subscribe
  • Post a new comment

    Error

    default userpic

    Your reply will be screened

    Your IP address will be recorded 

    When you submit the form an invisible reCAPTCHA check will be performed.
    You must follow the Privacy Policy and Google Terms of use.
  • 3 comments