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Countrywide may have materially increased loan costs at closing and switched the promised fixed rate loan into a variable rate loan.

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

Investigation Source

Beasley, Allen, Crow, Methvin, Portis & Miles, P.C.

218 Commerce Street
Montgomery, AL 36104

Investigation Scope

Nationwide

Category Information

Investigation Topics

Misrepresentation
Excessive or Unauthorized Interest Rates
Excessive or Unauthorized Fees
Preditory Lending
Bait And Switch
Inflated Appraisal
Unauthorized Or Illegal Fees
Improper Solicitation

Products or Services

First Mortgage
Second Mortgage
Refinancing
Adjustable Rate Mortgage

Injury Types

Monetary Loss
Foreclosure

Investigation Details

Investigation and currently handling claims against Countrywide Home Loans where individuals allege they were promised a lower or fixed interest rate but at the loan closing the rate was increased or a variable rate. In addition to increasing the monthly payments at the time of the loan closing, other fees, charges and closing costs were higher than what was initially quoted to the borrowers. It has been alleged that Countrywide reaped hundreds of millions of dollars in ill gotten gains as a result of hiring third parties to perform flood certifications, tax services and appraisals at set prices, then marking up the costs of those services on the HUD-1 and other closing documents.

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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