COUNTRYWIDE TROUBLE!
Florida's attorney general is investigating Countrywide Financial Corp., for possible unfair and deceptive business practices related to its home loans.
Basically the state wants to know how borrowers were approved and under which guidelineso. The state also wants information on how Countrywide credited its borrowers' payments any time after January 2005.
Tip of the day: Be aware!!!!!!!!!!!!
Basically the state wants to know how borrowers were approved and under which guidelineso. The state also wants information on how Countrywide credited its borrowers' payments any time after January 2005.
Countrywide has stated that they will cooperate fully with the State. Although they declined to comment. The state received about 150 complaints on Countrywide through a dedicated phone line to report such activity. Countrywide will have until the 11th of February 2008 to provide the state with the requested documents. California and Illinois are both following suit to Florida states action.
Fact: In January of 2008 Bank of America Corp., agreed to pay $4.1 billion in stock for Countrywide.
Tip of the day: Be aware!!!!!!!!!!!!
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