Summary
Pennsylvania won't immediately join 11 other states that announced a deal this week with Bank of America that it will provide up to $8.4 billion to help 400,000 homeowners turn troubled subprime mortgages into more affordable loans.
But 10,000 Pennsylvania residents with loans from the bank's Countywide Financial unit could benefit from the settlement -- the largest predatory lending settlement in history.See the full content of this document
Extract
State Not Included in Deal to Aid Subprime Borrowers
Bank of America, which acquired the troubled California-based lender in July, says those residents will receive aid under the progra...
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