Jun 26
The sale of Countrywide Mortgage to Bank of America
absorbed another blow this week as three states took legal action against
the lender.
The attorneys general of California and Illinois and the Washington
State department that regulates financial institutions all filed
lawsuits against Countrywide on Tuesday alleging variations on
the theme of mortgage fraud.
In addition to the three new lawsuits, other legal
problems for Countrywide continue to surface…