Florida sued Countrywide Financial and its chief executive, Angelo R. Mozilo, on Monday, accusing it of engaging in unfair and deceptive trade practices in mortgage lending.
Florida sued Countrywide Financial and its chief executive, Angelo R. Mozilo, on Monday, accusing it of engaging in unfair and deceptive trade practices in mortgage lending.
California joined Illinois on Wednesday in suing Countrywide Financial, claiming the company had practiced deceptive mortgage lending.
The state says the lender defrauded borrowers by selling mortgages that soon went into foreclosure.
The state says the lender defrauded borrowers by selling mortgages that soon went into foreclosure.
Even as Countrywide Financial’s ugly financial results show no signs of abating, Bank of America says it is committed to go through with its takeover plans.
Even as Countrywide Financial’s ugly financial results show no signs of abating, Bank of America says it is committed to go through with its take-over plans.
A Florida couple bought and sold house after house, with less than no money down and borrowing more cash than they actually had to pay, the beginning of a string of foreclosures.
A tale of how the chief executive of Countrywide Financial mishandled an e-mail message from a customer, and other items.
Directors and officers of Countrywide, the beleaguered mortgage lender, will have to answer shareholder accusations of insider trading and a failure to monitor lending practices.
Directors and officers of Countrywide, the beleaguered mortgage lender, will have to answer shareholder accusations of insider trading and a failure to monitor lending practices.