Massachusetts Attorney General Martha Coakley brokered a $3 billion loan modification deal with Bank of America subsidiary Countrywide Financial Corp.
The settlement, which was filed on Wednesday in Suffolk County Superior Court in Massachusetts, builds on Countrywide’s 2008 agreement with 43 other state attorneys general and the District of Columbia. The prior agreement called for Countrywide to modify loans for certain delinquent borrowers and builders based on the U.S. Department of the Treasury’s Home Affordable Modification Program standards.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]