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 owned by Bank of America. Connecticut’s piece of the $113 million installment comes to $1.27 million.

In October 2008 Bank of America initially agreed to settle the states’ suits for $8.4 billion, and a final deal was finally worked out in June, Blumenthal said.