Countrywide BofA is mailing settlement checks

Countrywide Financial Corp. has mailed checks for more than $3,000 to hundreds of Connecticut residents who lost or could lose their homes as a result of the company’s “abusive and unfair” home loan practices, Attorney General Richard Blumenthal said Monday. The payments are part of a previously announced, $8.4 billion, multistate settlement with Countrywide, now …

Rate Your Mortgage Revisited

I described the conditions when mortgages were paid before their due date on the first of the month in the first article. This update describes the outcome when I made the February payments. These payments were made between the first and sixteenth of the month. Wells Fargo and Saxon Mortgage were paid using their online …