The mortgage giant Countrywide Financial has reportedly reached a settlement with several states in a suit accusing it of predatory lending. In what the Los Angeles Times calls the “largest loan-modification program” in history, Countrywide owner Bank of America would provide up to $8.7 billion towards reworking the terms of some 400,000 loans. Not all homeowners with Countrywide loans will qualify under the deal. Countrywide has been at the center of the subprime loan crisis. It’s currently under investigation for giving misleading information on its financial condition in security filings.