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Central banks launch co-ordinated rate cut - Financial TimesCentral banks around the world announced a co-ordinated cut in interest rates on Wednesday, in response to mounting fears about the impact of the financial crisis on the world economy. The US Federal Reserve, the European Central Bank, the Bank of ...
Illinois AG says mortgage lawsuit deal is model - Seattle TimesA loan modification program that's part of an $8.7 billion national settlement over deceptive mortgage practices will help tens of thousands of borrowers stay in their homes and could be a national model, Illinois Attorney General Lisa Madigan said ...
Countrywide mortgage pact may be worth $3.5 billion to California loan ... - Los Angeles TimesBarbara Desoer, president of Bank of America's mortgage and insurance operations, said: "We are confident that together with the attorneys general we have developed a comprehensive program that provides more solutions than ever before to assist ...
Bank of America deal to help Michiganders, others keep their homes - Detroit Free PressSPRINGFIELD, Ill. -- Facing a lawsuit over deceptive mortgage practices, Bank of America Corp. has agreed to modify tens of thousands of loans to keep people in 11 states from losing their homes, the office of Illinois Attorney General Lisa Madigan ...
Countrywide Lawsuit Settled - Washington PostSPRINGFIELD, Ill. -- Facing a lawsuit over deceptive mortgage practices, a Bank of America Corp. subsidiary has agreed to modify tens of thousands of loans to keep people in 11 states from losing their homes, the Illinois attorney general's office ...
Deal to help 21,000 in state keep homes - Chicago TribuneIllinois, California and at least six other states have reached an $8.8 billion settlement of their lawsuits against Countrywide Financial , the biggest subprime mortgage lender, in a deal that should help some 21,000 Illinois residents keep their ...
$8.8 billion Countrywide settlement OK'd - Baltimore SunIllinois, California and at least six other states have reached an $8.8 billion settlement of their lawsuits against Countrywide Financial , the biggest subprime mortgage lender, in a deal that should help hundreds of thousands of Americans keep ...
Many pieces go flying from mortgage implosion - QuickDFW.comWASHINGTON – Your taxpayer credit card is on the counter, all set to get the economy moving again. Caveat emptor – let the buyer beware. The value of the mortgage-backed securities the federal government is set to buy is hard to decipher when the ...
LOAN GROANS SPUR BANK TO ACTION - New York PostFacing a lawsuit over deceptive mortgage practices, Bank of America has agreed to modify tens of thousands of loans to keep people in 11 states - including Connecticut - from losing their homes, the Illinois attorney general said yesterday. Borrowers ...
Countrywide Settles State Consumer Fraud Cases for $8.4 Billion - BloombergOct. 6 (Bloomberg) -- Countrywide Financial Corp. , the home mortgage lender, will offer interest rate and loan principal reductions plus other distressed borrower relief valued at $8.4 billion to settle consumer fraud complaints from 11 states. The ...
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