News

Treasury Mulls Plan to Lower Mortgage Rates to 4.5%

Move would help homeowners and buyers with good credit, but would do little for troubled borrowers, experts said.

By Tami Luhby, CNNMoney.com senior writer
Last Updated: December 4, 2008: 7:52 AM ET


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Bank of America has Agreed to the Nation’s Largest Loan Modification Program of Countrywide Predatory Loans

By Moe Bedard on October 6th, 2008


“Countrywide’s greed turned the American dream into a nightmare for thousands of Californians who now face foreclosure,” said state Attorney General Jerry Brown, who led the negotiations for the...

Countrywide Borrowers to get Mortgage Relief

Bank of America settles deceptive-lending lawsuit; costs could reach $8.7B

October 6, 2008

SPRINGFIELD (AP) - Facing a lawsuit over deceptive mortgage practices, Bank of America has agreed to modify tens of thousands of loans to keep people in Illinois, California and nine other states from...