Category Archives: lenders

Countrywide Sued by New Mexico Pension and Investment Funds

Posted on August 20, 2008 by Isaac Gradman

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

Posted on August 20, 2008 by Isaac Gradman

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

Posted on August 14, 2008 by Isaac Gradman

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