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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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