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Litigation

Apr. 4, 2012

Plaintiffs win class certification in Countrywide case

A federal judge gave a class of homeowners the green light to pursue claims against Countrywide Home Loans Inc. and other mortgage lenders over their treatment of option adjustable-rate mortgage loans.


By Jill Redhage


Daily Journal Staff Writer


SAN FRANCISCO - A federal judge gave a class of homeowners the green light to pursue claims against Bank of America-owned Countrywide Home Loans Inc. and several other mortgage lenders over their treatment of option adjustable-rate mortgage loans. But he also slashed the size of the class nearly in half.


U.S. District Judge Jeremy Fogel on Friday certified a class of approximately 60,000 borrowers for...

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