2009-08-21housingwire.com

"The suit claims Countrywide’s decision to modify mortgage loans up to $8.4bn violates contracts held by investors in the securitizations where some of those loans live. The investors involved in the suit are asking that Countrywide purchase any loan it intends to modify out of the respective securitization and absorb the losses taken on modifications."



Comments: Be the first to add a comment

add a comment | go to forum thread