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"The median monthly payment reduction for borrowers enrolled in
the (HAMP) program is $522" - DSnews.com

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Countrywide Forced To Refund Customers


The Federal Trade Commission will refund 450, 177 countrywide homeowners who were "allegedly over charged on their mortgage" for vendor charges. The FTC was able to negotiate a settlement with countrywide back in June 2010.  The amounts of refunded checks will range from $500.00, up to thousands of dollars. The refund check will be given to homeowner's who purchased a mortgage with countrywide from Jan 1st, 2005 to July 1st, 2008. The investigation began prior to Bank of America taking over Countrywide. Bank of America decided that it would be best to settle, rather than take this to court.