Ralston v Mortgage Investors Group | BofA's Countrywide To Pay $100M To Settle Home Loan Suit

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BofA’s Countrywide To Pay $100M To Settle Home Loan Suit

BofA’s Countrywide To Pay $100M To Settle Home Loan Suit

 

Law360-

Countrywide Home Loans Inc. will pay $100 million to settle a class action alleging that the Bank of America Corp.-owned lender deceptively lured consumers into buying loans with higher interest rates than originally promised, according to a Thursday filing in California federal court.

Plaintiff Jay J. Ralston alleged that Countrywide and its correspondent lenders, including Mortgage Investors Group Inc., engaged in a “campaign of deceptive conduct and concealment” in which some consumers lost their homes through foreclosure, according to court documents.

The class consists of consumers…

[LAW360]

June 19, 2013 388 Featured Case ORDER PRELIMINARILY APPROVING SETTLEMENT, AND WITH RESPECT TO CLASS NOTICE, COURT APPROVAL HEARING AND ADMINISTRATION (granting 386 ). Signed by Judge Jeremy Fogel on 6/19/2013. (jflc2, COURT STAFF) (Filed on 6/19/2013)

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September 19, 2013 426 Featured Case ORDER GRANTING 413 MOTION FOR FINAL APPROVAL OF CLASS ACTION SETTLEMENT; OVERRULING OBJECTIONS; GRANTING 394 MOTION FOR ATTORNEYS’ FEES AND COSTS; AND GRANTING SERVICE PAYMENT. Signed by Judge Jeremy Fogel on 9/19/2013. (jflc2, COURT STAFF) (Filed on 9/19/2013)

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September 19, 2013 428 Featured Case JUDGMENT. Signed by Judge Jeremy Fogel on 9/19/2013. (jflc2, COURT STAFF) (Filed on 9/19/2013)
October 7, 2013 429 Featured Case AMENDED JUDGMENT. Signed by Judge Jeremy Fogel on 10/7/2013. (jflc2, COURT STAFF) (Filed on 10/7/2013)
November 21, 2013 430 Featured Case ORDER CONCERNING CLASS ACTION SETTLEMENT. Signed by Judge Jeremy Fogel on 11/21/2013. (jflc2, COURT STAFF) (Filed on 11/21/2013)

 

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