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Florida's attorney general on Tuesday filed a lawsuit against Countrywide Financial Corp. for engaging in "deceptive and unfair trade practices." ...more
July 2, 2008
Florida Attorney General Bill McCollum's office said today it has filed a lawsuit against Countrywide Financial for engaging in "deceptive and unfair trade practices." The suit says Countrywide, one of the nation's largest mortgage companies, knowingly put Florida borrowers into mortgages they couldn't afford or into loans with rates and penalties that were "misleading." ...more
July 1, 2008
When Congress started fashioning a sweeping rescue package for struggling homeowners this year, 2.6 million loans were in trouble. But the problem has grown considerably in just six months and is continuing to worsen. ...more
June 29, 2008
Bank of America said Thursday that it will cut about 7,500 jobs after it closes its acquisition of mortgage lender Countrywide Financial Corp. ...more
June 27, 2008
This is the time of year when the buzz starts up about student loan consolidation. Some people benefit from consolidating, others don't, and borrowers want to know which camp they fall in. ...more
June 22, 2008
Just two months ago, Aaron Brokenbough had no clout and little say when lenders moved to foreclose on his home. His Philadelphia row house was scheduled for a sheriff's sale, the end of the road for most homeowners who are behind in mortgage payments. ...more
June 17, 2008
Mortgage companies are pledging to let troubled borrowers know whether they're approved for help within 45 days of receiving a homeowner's application. ...more
June 17, 2008
Despite the bursting of the housing bubble, it's still possible to buy homes with no money down. In fact, it's possible to borrow up to 105 percent of the purchase price, leaving the buyer with more debt than the house is worth. ...more
June 10, 2008
Home foreclosures and late payments set records over the first three months of the year and are expected to keep rising, stark signs of the housing crisis' mounting damage to homeowners and the economy. ...more
June 6, 2008
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