Mississippi to be part of national settlement with Countrywide

Attorney General Jim Hood says Mississippi will be part of the national settlement with Countrywide Financial Corporation.

Hood says Mississippi's inclusion in the settlement will allow eligible borrowers to take part in the company's loan modification program.

Officials with the attorney general say state borrowers will collect approximately $1 million in foreclosure relief benefits - and approximately half a million in penalty and fee waivers until the end of 2010.

If you have any questions, call Countrywide at 1-800-669-6650 or the Attorney General's Office at 601-359-3680.