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Bank of America to pay $108 million to settle mortgage charges
Monday, June 7, 2010
Los Angeles Times: The new owner of Countrywide Financial Corporation has agreed to pay $108 million to settle federal charges that the company collected excessive fees from and otherwise deceived 200,000 mortgage borrowers who were facing foreclosure. Countrywide was bought by Bank of America two years ago.
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Tags: Countrywide, Mortgage industry;
Category: In The News;