In a settlement reached in principle today between Countrywide and The State of Florida, Countrywide will work with thousands of Florida home owners moving them from adjustable rate mortgages to fixed-rate, fully amortizing loans.
The lender will suspend foreclosures that meet certain criteria while determining if they qualify.
Related Florida real estate views:
Florida vs Countrywide. Lawsuit filed.
Countrywide wants to help troubled home owners
Poor underwriting help fuel subprime mortgage mess
- Greg Staker 407-304-0255
No comments:
Post a Comment