Last Wednesday, a lawsuit was filed by Attorney General Richard Blumenthal against Countrywide Financial Group for alleged violations of banking laws and consumer rights. If the case prospers, hundreds of Connecticut… read more More: continued here Tags: Attorney General, Countrywide Financial, E, GA, Law, The
Attorney General Bill McCollum filed suit late Monday against Countrywide Financial, the massive mortgage company that hit financial straits after the real estate bust and which is now being sold to Bank of America. McCollum said the company deceived borrowers into thinking they could afford mortage they couldn’t afford, forcing many people to face foreclosures [...]
Bank of America plans to axe 7,500 jobs as it is all set to acquire Countrywide Financial Corp. The value of the takeover is estimated to be $4-billion. The acquisition is believed to be over by next week. However, the bank said that this move wont affect its call center in Ottawa. Cuts will basically [...]
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