Commercial News
8/7/2008 12:26:23 PM EST
Conn. sues Countrywide over lending practices
HARTFORD, Conn. – (AP) Connecticut sued Countrywide Financial Corp. on Wednesday, becoming the latest state to take the mortgage lender to court over its lending practices.
State Attorney General Richard Blumenthal alleges that Countrywide misled borrowers into taking on risky home loans they could not afford. California, Illinois, Florida and the city of San Diego have made similar claims … Full version (available to lexis.com subscribers)
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