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Loan Modification

: Mortgage Lender Implode-o-Meter

Countrywide agrees to pay $600M to settle lawsuits

By Implode-Explode Heavy Industries

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"Countrywide Financial Corp. agreed to pay $600 million to settle shareholder lawsuits in the largest payout so far from the mortgage meltdown. U.S. District Judge Mariana Pfaelzer in Los Angeles on Monday gave preliminary approval to the agreement, in which the defendants admitted no wrongdoing."

Full post as published by Mortgage Lender Implode-o-Meter on August 03, 2010 (boomark / email).

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