Industry News

Countrywide plans $6.2 billion in loan modifications

Program would help fraction of 530,000 delinquent borrowers
Published on Oct 23, 2007

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by CareyBot

Countrywide Financial Corp. said it is prepared to modify the terms of $6.2 billion in mortgages, in order to help 10,000 delinquent borrowers get current on their loans and prevent 20,000 borrowers who are up to date on their loans ...