Housing Mortgages Information

And Yet the Sale of Countrywide is Going to Happen

The sale of Countrywide Mortgage to Bank of America absorbed another blow this week as three states took legal action against the lender.

The attorneys general of California and Illinois and the Washington State department that regulates financial institutions all filed lawsuits against Countrywide on Tuesday alleging variations on the theme of mortgage fraud.

In addition to the three new lawsuits, other legal problems for Countrywide continue to surface...