Were you one of the 450,00 consumers who purchased a home mortgage product from Countrywide in the past five years or so? If so, it’s refund time. The Federal Trade Commission (FTC) had reached an agreement with Countrywide about one year ago and now it’s mailing checks to the persons affected by the theft. The refund payments will start going out today! Countrywide borrowers with questions about the program can call the redress administrator, Gilardi & Co. at 1-888-230-3196, or go online at the FTC’s Countrywide Settlement page.
Click on the following weblink to read more about the FTC’s settlement and how Countrywide mastermined the scam: http://money.cnn.com/2011/07/20/real_estate/ftc_countrywide_settlement/index.htm