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Countrywide improperly used deceptive disclosures when selling Option ARM loans to borrowers.

Click here if you have had similar experiences as those affected by this investigation.

Investigation Source

Hagens Berman Sobol Shapiro LLP

1301 Fifth Avenue
Suite 2900
Seattle, WA 98101

Investigation Scope

Nationwide

Category Information

Investigation Topics

Unfair and Deceptive Services
Excessive or Unauthorized Interest Rates
Excessive or Unauthorized Fees
Preditory Lending
Bait And Switch
Improper Solicitation

Products or Services

Refinancing
Adjustable Rate Mortgage

Injury Types

Monetary Loss
Foreclosure

Investigation Details

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.

Defendant Details

Name (Stock Symbol)	Brief Description
Countrywide Financial Corporation	Countrywide Financial Corporation originates, services and resells home loans. It is owned by Bank of America.

Click here if you have had similar experiences as those affected by this investigation.

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