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Class Action Lawsuit Settlement Case(s): Federal Trade Commission v. Countrywide Home Loans, Inc. Case No. CV10 4193 RSWL SSx in the United States District Court for the Central District of California
Website Link to access the Class Action Lawsuit Settlement and get YOUR Stake: www.ftc.gov/countrywide
Address of Class Action Lawsuit Settlement Administrator to submit a claim form (REQUIRED):
None at this time. The Federal Trade Commission is notifying affected homeowners.
Details: The Federal Trade Commission (FTC) has settled a $108 Million class action lawsuit against Countrywide Home Mortgage. According to the FTC, Countrywide used unlawful practices in servicing homeowners’ mortgages. The company allegedly:
- •charged excessive fees for default-related services like property inspections
- •made claims about amounts owed by homeowners in bankruptcy that were false or couldn’t be backed up; and
- •didn’t tell people going through bankruptcy when new fees or charges were being added to their loans.
The FTC settlement includes a $108 million consumer redress fund. Countrywide also agreed to stop the illegal servicing practices and make major changes to its business practices.
and submit your claim now!
Purchased From: The FTC v Countrywide class action lawsuit covers certains fees charged by Countrywide prior to July, 2008.
Claims must be submitted online (if applicable) or postmarked by: The FTC will be notifying eligible participants
Settlement Administrator(s): Unknown – FTC
WILLARD K. TOM (FTC)
LUCY E. MORRIS (FTC)
HEATHER ALLEN (FTC)
LYNETTE HOTCHKISS (FTC)
JOHN D. JACOBS (FTC)
JEFFREY SPIGEL, ESQ.
PETER TODARO, ESQ.
BRANDT LEIBE, ESQ.
King & Spalding LLP
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Categorized in: Closed Settlements