Countrywide Lawsuit
LOS ANGELES (AP) – Countrywide Financial is accused of using misleading advertising and other unfair business practices to trick borrowers into taking on risky home loans they didn’t fully know in a lawsuit filed by the California attorney all-purpose’s office today. The lawsuit was filed on the same day Countrywide shareholders approved the company’s takeover by Bank of America. The suit stems from information gathered under subpoena after the state launched a probe last year into the troubled company’s business. It also came on the same day Illinois attorney all-purpose filed a lawsuit alleging Countrywide engaged in “unfair and deceptive” practices to get homeowners to apply for risky mortgages far beyond their means. In the complaint filed in Los Angeles Superior Court, California Attorney All-purpose Jerry Brown asserts Countrywide violated the state’s unfair business practices and fake advertising laws with just about each action it took to market and originate some of the most well loved, and potentially risky, types of home loans in recent years. The lawsuit alleges Countrywide obscured the potential risks in the loans, misled consumers about payment stipulations, prepayment penalties and other obligations, and told borrowers they would be able to refinance before the interest rate on their loans adjusted.
i’m sad know that god had stupid people like the butt fucker up there in this world , but then some people have to have a sad,sorry,loser life we cant all have it excellent so they have to make them self’s feel excellent . my GOD place you in hell and of your people . i feel sorry for your mother for having someone like you ,or she could have been a ancient sorry hag like you
and they should get sued again. Having countrywide on one’s resume is cursery. It took me 4 month to find a job. I applied and applied then I establish out that a lot of financial institutions were blackballing former countrywide employees whose resumes they’d receive. I had to pull countrywide out of my resume before I finally establish a job.
No, I worked out of the rosemead call focal point in southern cal.
the cell is huge ample for Countrywide’s CEO along with KBhomes ex CEO, we all pay now fool, even the finger pointers, pleased job hunting, the ex homeowners establish a new home, stirred on and we all pay while the greedy theives still hold the cash. By the way, anyone who was frauded and had the brains to give it back, they still have jobs. I suppose the Enron folks whom where ripped off were fools also right? and the S & L business? I havent’ forgotten. Its was just a house, never to be a home.
When I hear they shouldnt have owned a home, that is so rediculous, all they are doing now is replacing those hard working people with new faces who will now pay less then what the home is worth, the current homeowner was qualified for more then the market now. so point the finger, no one would have lost their jobs if countrywide would have retracted their fake documents, erased the 2nd finance which was 100 g over qualifications. and they knew it, we would go to jail had we lied on documents
anonymous843e you don’t know what your talking about. All the ones pointing the finger at the homeowners, whom are, were and should be homeowners, because of your ignorance, the fingerpointers just establish themselves in deep doo doo and in the same boat because they lost their jobs. Anyone who had a job, brilliant confidence and therefore what they called assets, countrywide rush the signing, sneaking documents that were falsified. We are talking about hard working people who were taken.
were you in the west valley division in los angeles county? worst place was there.
I don’t feel sorry for these people. In fact when they get tossed onto the streets because they “didn’t know” I’ll be driving up reeeeeal slow and roll down my windows to point and laught at them.
I worked at this company for four long years. I was a witness to their bent business dealings such as manipulating prime grade applications to subprime grade. this was done by hiding assets like 401k’s etc then promotion them high interest, high cost loans.
I like that Country Wide got sued. That is what they get.
Where I worked, they criminals, current smokers, manly tattoos, assholes, argumentative assholes who despised men, McD’s throwing assholes who threw wrappers in between the files, lost home finance loans of clients, despised to do any work, made me do the work, and were just plain bone idle, and slept with homeless guys. Assholes one and all.
These bitches were also women! These were just women I am talking about !!!
fuck them & fuck this company for ruining my life & laying me off & keeping the bone idle.
HAHAHAHAHAHAHAHAHA. People are retarded, and then want people to clean up their shit for them. I’m sorry, feel terrible for them, but: YOU FUCKED UP and let SOMEONE SWINDLE YOU. All it would take is a modest thinking.