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Countrywide Subpoenaed By Illinois Over Lending Practices

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First Posted: 12-13-07 01:17 AM   |   Updated: 03-28-08 02:45 AM

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Read More: Countrywide Financial, Countrywide Financial Lending, Illinois, Illinois Attorney General, Lisa Madigan, Subprime Mortgages, Business News
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New York Times:

The Illinois attorney general is investigating the home loan unit of Countrywide Financial as part of the state's expanding inquiry into dubious lending practices that have trapped borrowers in high-cost mortgages they can no longer afford.

Lisa Madigan, the attorney general, has subpoenaed documents from Countrywide relating to its loan origination practices, a person briefed on the matter said. Rick Simon, a Countrywide spokesman, said the company was cooperating with the investigation but declined to comment further.

Read the whole story: New York Times

The Illinois attorney general is investigating the home loan unit of Countrywide Financial as part of the state's expanding inquiry into dubious lending practices that have trapped borrowers in high-c...
The Illinois attorney general is investigating the home loan unit of Countrywide Financial as part of the state's expanding inquiry into dubious lending practices that have trapped borrowers in high-c...
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