Settlement May Be Near in Countrywide Case
For more: http://nyti.ms/b24PFh
Countrywide’s fall was as spectacular as its rise. After nearly collapsing into bankruptcy as its financing dried up, the company was acquired by Bank of America in 2008. It later agreed to pay $108 million to settle federal civil charges that it overcharged customers. And in August, the company agreed to pay $600 million to settle shareholder lawsuits over its mortgage losses.