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Award (how much your claim may be worth): The award varies depending on the amount of fees paid.
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
Company(ies): Countrywide Home Loans Inc., BAC Home Loans Servicing LP
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.
Phone Number to call for assistance: 1-877-FTC-HELP (1-877-382-4357)
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
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Class Action Lawsuit Settlement Amount(s): $108,000,000
Settlement Administrator(s): Unknown – FTC
Class Counsel:
WILLARD K. TOM (FTC)
General Counsel
LUCY E. MORRIS (FTC)
HEATHER ALLEN (FTC)
LYNETTE HOTCHKISS (FTC)
JOHN D. JACOBS (FTC)
Local Counsel
Defense Counsel:
JEFFREY SPIGEL, ESQ.
PETER TODARO, ESQ.
BRANDT LEIBE, ESQ.
King & Spalding LLP
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4 thoughts onCountrywide Home Mortgage FTC Chapter 13 Bankruptcy Class Action Lawsuit Settlement
The settlement also requires Countrywide to make significant changes to its bankruptcy servicing practices. For example, Countrywide must send borrowers in Chapter 13 bankruptcy a monthly notice with information about what amounts the borrower owes – including any fees assessed during the prior month. The defendants also must implement a data integrity program to ensure the accuracy and completeness of the data they use to service loans in Chapter 13 bankruptcy.
Countrywide Home Mortgage FTC Chapter 13 Bankruptcy Class Action Lawsuit Settlement
Happy I founded this site.
Thank You,
Countrywide Home Mortgage FTC Chapter 13 Bankruptcy Class Action Lawsuit Settlement
:-*hope to get some money
Countrywide Home Mortgage FTC Chapter 13 Bankruptcy Class Action Lawsuit Settlement
husbands name on morgate too:-)