July 18, 2008
Countrywide to Pay Chapter 13 Trustee $325,000 Settlement
According to the Los Angeles Daily News, Countrywide has agreed to pay Western Pennsylvania chapter 13 trustee Rhonda Winnecour $325,000 as a settlement for an action she filed against Countrywide seeking sanctions. Countrywide was charging borrowers improper fees and was failing to provide documents to the trustee when requested according to the report. The action requested loan histories in 293 cases which Countrywide apparently could not provide. The settlement still must be approved.
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I am a Chapter 13 participant, and have Countrywide financial as my mortgage lender. Countrywide was included in my bankruptcy. Can you please tell me how this affects me personally? I have just been dismissed with prejudice due to having filed bankruptcy prior to this Chapter 13.
Posted by: Dale Stevens | Nov 3, 2008 9:01:21 AM