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Countrywide Must Pay $108 Million for Scamming Homeowners

Housing Predictor reported today that Countrywide Mortgage has agreed to pay $108 million in fines to the Federal Trade Commission for their role in a scam in which they overcharged homeowners who were in foreclosure.

Countrywide — once the nation’s largest home lender — agreed to the multimillion-dollar settlement more than two years after the FTC …

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Affordable Financial Services Weekly Finance Review

According to MarketWatch this morning, mortgage rates fell to their lowest levels of the year. For the week ending May 13, thirty-year fixed-rate mortgage rates fell below 5% for the first time in 2010, at a rate of 4.93%. Fifteen-year mortgage rates went from 4.36% last week to 4.30% this week. This marks the fifth …

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