Failed Lender Comes Up Short On Florida Loan Modifications
Former mortgage lending giant Countrywide (now a shell-of-its-former-self-merged-entity of Bank of America) hasn't exactly delivered on the $1 billion promise it made to the Florida Attorney General's Office last October to modify 52,000 home loans in Florida. According to the Miami Herald, Countrywide only modified 6,500 Florida loans between last December and April 1, 2009. Consensus among Countrywide customers interviewed by the Herald is that the process is excruciating, frustrating and most likely expedited by quitting your job (if you have one) and falling 3-6 months behind on your mortgage payments.
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