AUSTIN, Texas (AP) _ Claim forms should arrive this week for Texans eligible to share in nearly $7.5 million in restitution from Countrywide Financial Corp.
Attorney General Greg Abbott’s office on Monday announced the forms were mailed late last week over the February agreement.
The deal applies to Countrywide customers who secured loans between 2004 and 2007, who lost their homes to foreclosure or whose payments were 120 days behind as of Oct. 6, 2008.
Only Countrywide customers who receive letters are eligible to seek restitution. The final dollar amount will depend upon the number of people who respond.
The AG’s office in 2008 investigated Countrywide for encouraging homeowners to accept loans they could not afford, failing to fully disclose risky terms and writing loans for unqualified borrowers.