“Countrywide Accused of Interest Overcharges
A lawsuit has been filed against Countrywide Financial Corp.'s servicing subsidiary. The company is accused of overcharging interest on mortgage loans after they were paid in full, according to the lawsuit which seeks class action status. The suit, brought by Timothy J. and Jessica Kay Lauricella, of Gilbert, Ariz., accuses Countrywide Home Loans Servicing LP, of Plano, Texas, of "improperly retaining unearned per diem interest" on conforming home loans beyond the payoff dates.”
Mr Ed Tip:
Just because your loan appears to be “paid in full” does not mean there are not more mortgage fraud landmines to dodge..
Mortgage Daily article submitted by
1804 Cross Bend, Plano Texas 75023