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FOR IMMEDIATE RELEASE
October 05, 2008
MEDIA ADVISORY: MAJOR COUNTRYWIDE MORTGAGE ANNOUNCEMENT FROM AG MCKENNA MONDAY

Seattle—On Monday Attorney General Rob McKenna will announce Washington’s share of a multi-state, multi-billion dollar settlement with Countrywide Financial Corporation over allegations of deceptive lending practices.

Bank of America, which recently acquired Countrywide, agreed to the settlement after months of negotiations. The agreement was brokered by McKenna and attorneys general representing several other states. The settlement will provide urgently needed relief to nearly 10,000 local Countrywide customers at risk of foreclosure, as well as compensation for some who have already lost their homes.

Who:             Attorney General Rob McKenna 

When:           10 a.m. on Monday, Oct. 6

Where:         Attorney General’s Seattle Office
                       Bank of America Fifth Avenue Plaza Building
                       800 Fifth Avenue, Suite 2000
                       Corner of 5th and Marion St. across from the Methodist church.
                       Chief Sealth Conference Room. 

                        Check in at the 20th floor reception desk.
                        Pedestrian entrance is on 5th Ave. Parking is available in the building; enter on Columbia Street  
                        Unfortunately,  the Attorney  General’s  Office cannot validate. Other parking options include
                        street meters and the Seattle City Library.

Conference call:

                        (800) 423-1988, PIN Code: 1292657#

-30-

Contacts:

Janelle Guthrie, AGO Communications Director, (360) 586-0725

 

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