Subprime Lender Countrywide Mails Checks to Cheated Homeowners

Check in the mail
Check in the mail

The check's in the mail.

The money promised to homeowners in Florida and 39 other states -- part of a 2008 settlement with a mortgage lender that came to symbolize the worst practices in the realm of subprime lending -- began to flow last week.

Some 2,700 Florida residents who had lost their homes after Countrywide Financial Corp. foreclosed on their mortgages can look forward to checks totaling a little more than $6,000 each. Seems like chump change to someone who's lost their home. Yet, Florida homeowners may be faring better than most.