Countrywide Financial settlement will aid some state homeowners
Almost 3,000 Wisconsinites won't need a government bailout to keep their homes from being foreclosed.
Countrywide Financial Corp., is settling a lawsuit by agreeing to reduce mortgage rates to its most vulnerable holders of sub-prime and adjustable-rate loans.
The national suit accused Countrywide of illegal marketing practices. Wisconsin is the 33rd state to reach a settlement.