Saturday, July 5, 2008
Florida Files Countrywide Lawsuit
The Florida attorney general on Monday filed a civil lawsuit against Countrywide Financial Corp. and its chief executive, Angelo Mozilo, alleging the company engaged in deceptive and unfair trade practices.
The lawsuit, filed in state court in Broward County by Florida Attorney General Bill McCollum, alleges that Countrywide put borrowers into mortgages they couldn't afford or loans with rates and penalties that were misleading. It seeks civil penalties and damages.
Florida's action follows similar lawsuits filed last week by attorneys general in California and Illinois. Mr. McCollum said that his state has had a continuing investigation of Countrywide and "we thought it was important for us to do this right now."
A Countrywide spokesman declined to comment on the specifics of the suit but said the company is "fully cooperating" with the Florida attorney general's office and is "particularly focused" on working with customers who are having difficulty making payments.
1 comment:
Countrywide Employees Sold 2MM peoples information. Anyone and everyone who has received a letter, has a mortgage and has not received a letter, both you and your spouse or co-borrower, and anyone who has so much as applied for a countrywide home loan
please visit www.countrywidelawsuit.net
Class action status has been requested. An attorney will contact you regarding your rights. you can even view the case filing
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