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Tag Archives: loan servicing

Countrywide Pays $108 MM to Settle FTC’s Foreclosure Fee Case

Posted in Consumer Protection Litigation

According to a June 7, 2010 New York Times article, the FTC announced that two Countrywide mortgage-servicing companies agreed to pay $108 million to resolve charges that they collected excessive fees from homeowners.  The FTC alleged that Countrywide charged excessive fees to homeowners who were behind on their mortgage payments, in some cases asserting that borrowers were in default when they were not…. Continue Reading