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Ill. AG to sue Countrywide over lending practices Fame it!
Posted on Jun 25 2008 5:07 AM by adeal
Filed Under: Equity Loans ,

The nation's biggest mortgage lender engaged in "unfair and deceptive" practices to get homeowners to apply for risky mortgages far beyond their means, according to a civil lawsuit Illinois' attorney general planned to file Wednesday. The lawsuit against Countrywide Financial Corp. — planned for the same day shareholders were scheduled to vote on the company's takeover by Bank of America Corp.



Full story: syracuse.com
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