Did Countrywide Commit Fraud?

The Securities and Exchange Commission leveled a
huge charge at the CEO of Countrywide and two other
higher-ups, relating to "riskier and riskier" loans.

The SEC charges revolve around Angelo Mozilla's,
the ex-CEO of Countrywide, alleged deceptive,
misleading behavior - failure to give their investors
important information - like that Countrywide was approving
a high percentage of risky loans while their guidelines because
increasingly lax.

Countrywide made "billions" on risky, "subprime"
loans, according to USA Today, but ultimately went
belly-up in our current financial meltdown.

What does this mean for you?

If you have a subprime, risky loan with Countrywide
or most other lenders, you might be able to do
something about it. Lenders and servicers are
picking up the pieces of these "toxic" loans.

In other words, they're cutting deals with mortgage
holders. Modifying the loans to help keep the
homeowners in their homes and prevent foreclosures.

No bank wants a foreclosure. They're too expensive -
supposedly $50,000-$60,000 in fees to the bank,
per foreclosure.

That's why millions of homeowners are turning to
the loan modification process to try to obtain relief
from high payments accompanying loans like
Countrywide wrote.

The same loans their ex-CEO is being sued over.

- Andy

P.S. I'm holding a free community workshop up
in Boynton later this month. Seats are filling
up but we still have plenty available as of
today.

www.LastChanceMortgageHelp.com/events