$8B+ Countrywide Loan Modification Lawsuit Settlement May Yield As Little As $1B, Complains Advocacy Group

Legal Newsline reports:

• Just a month ago, when the terms of the largest settlement in home mortgage history were announced, many hailed the settlement as the first significant step to providing needed relief to homeowners buried in rising interest rates and declining property value. But some [...] are now taking issue with the deal, claiming the Bank of America settlement will protect Wall Street investors more than it will Main Street customers.

For more, see Countrywide settlement may favor Wall Street over Main Street.