Countrywide’s Mortgage Meltdown
March 28, 2008
Countrywide Home Loans made a promise to help homeowners after Hurricanes Katrina and Rita and then reneged on that promise. The company ended up slapping homeowners with penalties and fees that drove many into foreclosure or forced them to pay more. This video shows the horrible impact on a family who lost their home as a result of accepting Countrywide’s offer of “help.”
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