Investgation of claims by borrowers that Countrywide provided deceptive disclosures and information concerning Option ARM loans and aggresively marketed such loans as ideal for borrowers. Borrowers were then saddled with increasing payments and negatively amortized loans that increased the amount they owed to Countrywide each month.
Name (Stock Symbol)
Countrywide Financial Corporation
Countrywide Financial Corporation originates, services and resells home loans. It is owned by Bank of America.
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