Countrywide Settles Class-Action Suit For $624 Million

Countrywide Settles Class-Action Suit For $624 Million

Bank of America took a little kick in the shins today as Countrywide Financial Corp, the mortgage lender they acquired in 2008 as it suck into the quicksand, has agreed to a $624 million settlement of a class-action lawsuit accusing it of misleading investors about its lending practices. [More]