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  • Countrywide to modify troubled home loans

    Countrywide Mortgages, now owned by Bank of America Corp. has agreed to the largest program ever to modify home loans in response to a potential lawsuit over deceptive lending practices. Countrywide will modify troubled mortgages with up to $8.4 billion in interest rate and principal reductions for almost 400,000 customers. The settlement should ...
    Posted to Cincinnati Area Real Estate News (Weblog) by 237273 on October 12, 2008