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Does Countrywide Owe You For Mortgage Overcharges?

The Federal Trade Commission (FTC) reached a $108 million settlement with Countrywide, a mortgage lender who overcharged more than 450,000 borrowers who became delinquent on their mortgage and faced foreclosure.

Countrywide charged 347,846 borrowers whose loans were in default excessive fees on property inspections, lawn mowing, title searches and other services it arranged.

Countrywide often marked up the cost by more than 100 percent, and sometimes more than 400 percent, the FTC said.
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