Top Class Actions  |  June 24, 2010

Category: Closed Class Actions

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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  Countrywide Logo

 

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

 

MORE DETAILS BELOW!

 

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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

  1. drtuber says:

    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.

  2. Anonymous says:

    Countrywide Home Mortgage FTC Chapter 13 Bankruptcy Class Action Lawsuit Settlement
    Happy I founded this site.

    Thank You,

  3. Anonymous says:

    Countrywide Home Mortgage FTC Chapter 13 Bankruptcy Class Action Lawsuit Settlement
    :-*hope to get some money

  4. Anonymous says:

    Countrywide Home Mortgage FTC Chapter 13 Bankruptcy Class Action Lawsuit Settlement
    husbands name on morgate too:-)

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