Judge Balks At Countrywide's Deal With Homeowner

Law360, New York (May 8, 2008, 12:00 AM EDT) -- A bankruptcy judge has refused to approve a settlement of a dispute over mortgage payments between Countrywide Home Loans Inc. and a Pennsylvania homeowner, saying that he doesn't know enough about the settlement and still needs to look into possible misconduct by the subprime lender.

Sharon Diane Hill, the homeowner, left bankruptcy last May after discharging all of her payments to Countrywide in her Chapter 13 plan. Countrywide later claimed that Hill still owed money and produced three letters, dated 2003, 2004, and 2005, that it...
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