Countrywide Borrowers to get $8.4 billion homeowner rescue plan

A huge $8.4 billion homeowner rescue plan announced Monday by the Bank of America will provide some relief for an estimated 125,000 Californians who are having trouble making payments on sub-prime loans and other risky mortgages from Countrywide Home Loans.
The bank’s “Home Ownership Retention Program for Countrywide Customers” was devised by California and 10 other [...]