Ohio Reaches Agreement with Countrywide Financial

Ohio's Attorney General has reached a settlement agreement with one of the nation's major mortgage companies. In an interview with Ohio Public Radio's Jo Ingles, Jeff Lazer of the Ohio AG's office explains Countrywide Financial will provide foreclosure assistance to thousands of Ohioans. While the final judgment resolves allegations that Countrywide used unfair and deceptive practices in its loan origination and servicing activities, the agreement does not constitute an admission of wrongdoing on the part of the company.