Industry News

Countrywide reaches fair-lending agreement with N.Y. attorney general

Lender will back $3 million education program, compensate minorities
Published on Dec 6, 2006

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by CareyBot

Countrywide Home Loans Inc. will compensate minority borrowers who were allegedly given high-cost loans and implement a $3 million consumer education program as part of an agreement with the New York attorney general’s office. Attorney General Eliot Spitzer launched inquiries ...