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Citizens State Bank Of New Castle V. Countrywide Home Loans, Inc., Et Al.
Get Citizens State Bank Of New Castle V. Countrywide Home Loans, Inc., Et Al.
Lis, Indiana ATTORNEYS FOR AMICUS CURIAE INDIANA LAND TITLE ASSOCIATION, INC. Craig D. Doyle Mark R. Galliher Kurt V. Laker Doyle Legal Corporation, P.C. Indianapolis, Indiana In the Indiana Supreme Court No. 76S03-1009-CV-515 FILED Jun 29 2011, 1:05 pm CLERK of the supreme court, court of appeals and tax court CITIZENS STATE BANK OF NEW CASTLE, Appellant (Defendant and Crossc.
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Mortgagor FAQ
In 2008, Countrywide was forced to sell itself to for $4 billion, just a fraction of its value just a short time before. The Department of Justice (DOJ) brought civil fraud charges against Countrywide stemming from its relationships with federal mortgage companies Fannie Mae and Freddie Mac.
Black customers were more than twice as likely as white customers to be offered subprime loans. The company's computer systems, pay structures, and employee sales training all incentivized maximum profits for Countrywide and often steered customers away from lower-cost loans, even if they qualified for them.
Can I still sue Countrywide if I get a loan modification under the settlement? Yes. Borrowers will not have to release any legal claims they may have against Countrywide in order to receive a modification of their loan.
Home Loans is the mortgage unit of . It previously existed as an independent company called Countrywide Financial from 1969 to 2008. In 2008, purchased the failing Countrywide Financial for $4.1 billion.
bought Countrywide for $4 billion in July 2008. Parent/subsidiary companies: Full Spectrum Lending, subprime lending subsidiary. bought Countrywide in July 2008.
ZARROLI: When the deal took place, , under its CEO Ken Lewis, was growing fast, mostly through acquisitions. And it was eager to expand its mortgage business. Founded by Angelo Mozilo, California-based Countrywide had exploded in growth by offering subprime mortgages to people with credit problems.
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