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Bank of America Reaches Countrywide Settlement

Source: Washington Post
Des Moines : IA : USA | about 1 month ago
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The decision will affect borrowers who took out risky loans with Countrywide Financial , which was one of the nation's largest mortgage lenders before it was hobbled by subprime loans and bought by Bank of America on July 1. Bank of America said no foreclosures will be initiated or advanced against borrowers...
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