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BUSINESS BRIEFING / MORTGAGES

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Times Wire Reports

Countrywide Financial Corp., the Calabasas mortgage lender bought last year by Bank of America Corp., agreed to settle a probe of its home-lending practices in Maryland.

Maryland Atty. Gen. Douglas F. Gansler said Countrywide would offer loan modifications and relocation assistance to some borrowers who are unable to retain their homes, and pay more than $2.1 million into a foreclosure-relief program.

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