Category Archives: Countrywide

Countrywide Sued by New Mexico Pension and Investment Funds

The Chicago Times reports that Countrywide has been sued on behalf of New Mexico’s state Investment Council, the Educational Retirement Board and the Public Employees Retirement Association for both conning homeowners into mortgages they could not afford and duping investors … Continue reading

Posted in acquisitions, Countrywide, IndyMac, lenders, litigation, New Century, predatory lending, securities | Leave a comment

California Legislature Reaches Compromise on Subprime Reform Bill

The L.A. Times reports that the California has reached a compromise with consumer and lending groups on a bill that would guard against some of the practices that contributed to the subprime crisis. The bill, an amended version of AB … Continue reading

Posted in Alt-A, broader credit crisis, Countrywide, education, incentives, legislation, lenders, predatory lending, ratings agencies, subprime | Leave a comment

Connecticut Suit Against Countrywide Available

Rachel Dollar of the Mortgage Fraud Blog has posted the Complaint filed by Connecticut Attorney General Richard Blumenthal. You can view the document here. Many thanks to Ms. Dollar for her diligence in following these developments in subprime litigation.

Posted in Attorneys General, Complaints, Countrywide, lenders, litigation, subprime | Leave a comment

Connecticut the Latest to File Suit Against Countrywide

CNN reports that Connecticut Attorney General Richard Blumenthal has filed suit in Hartford Superior Court today against Countrywide, becoming the fourth state (after California, Florida, and Illinois) to sue what was once the nation’s largest mortgage originator over its lending … Continue reading

Posted in Countrywide, discriminatory lending, investigations, predatory lending, subprime | Leave a comment