More than 200,000 bankrupt Countrywide Financial mortgage borrowers will receive more than $108 million in refunds for "rip-offs" they incurred during the "outrageous practices" at two of the mortgage provider's servicing operations,according to Jon Leibowitz, chairman of the Federal Trade Commission (FTC). The two firms named in today's law enforcement action are Countrywide Home Loans and Countrywide Home Loans Servicing, now doing business as BAC Home Loans Servicing. The FTC set up a Web site for claims information, that went live today. The DOJ would not elaborate on impending proceedings against former employees of Countrywide.
WHEN THINGS GO SMOOTHLY, most any real estate agents will do.  When things go awry, confidence is having The Schaller Family solving the problems.     http://www.truckeehomefinder.com

 
Source: Housingwire.com, Jacob Gaffney, (06/07/10)