Pennsylvania Settles With Countrywide Financial

Attorney General Tom Corbett today announced a settlement with Countrywide Financial which could save 10,000 Pennsylvanians from foreclosure.  The $150 million will go towards those with sub prime and pay-option borrowers.  Predatory lending was a major cause of the economic meltdown which began in the Poconos and shifted across the country.  Saving 10,000 homeowners from foreclosure will help though it will not solve all the problems.

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