Violation Tracker Individual Record
Company:Countrywide Financial Corp.
Date:December 23, 2008
Offense Group:financial offenses
Primary Offense:mortgage abuses
Countrywide agreed to pay over $84 million, mostly in loan modifications, in settlement of allegations it sold predatory loans by misrepresenting loan terms, loan payment increases, and borrowers' ability to afford loans.
Level of Government:state
Action Type:agency action
Agency:Hawaii Department of Commerce and Consumer Affairs
Civil or Criminal Case:civil
HQ Country of Parent:USA
HQ State of Parent:North Carolina
Ownership Structure of Parent:publicly traded
Major Industry of Parent:banking
Specific Industry of Parent:financial services
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