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SEATTLE Nearly 10,000 Washington homeowners will split about $200 million as part of a settlement between 11 states and sub-prime lender Countrywide Financial Corp over deceptive mortgage practices.

BofA in mortgage lender settlement (Financial Times)
Bank of America has agreed to settle multi-state claims of deceptive and predatory lending practices against Countrywide Financial , the mortgage lender, in a deal that could result in a cut of up to $8.4bn in interest rate and principal payments for homeowners.

Mortgage

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