From rrstar.com:

Illinois Attorney General Lisa Madigan filed a lawsuit against the nation’s largest mortgage lender Wednesday, claiming it marketed “toxic products” to thousands of unsuspecting home buyers to boost its fortunes on Wall Street.

The civil suit against the embattled Countrywide Financial seeks restitution for the subprime lending practices widely blamed for starting the nation’s housing crisis.

“Countrywide pushed to sell more and more loans, clearly without regard to the borrower’s ability to make their payments,” Madigan said. “Much of this comes from Countrywide’s greed and their desire to dominate the marketplace. Unfortunately, this came at a very steep price for homeowners.”

The company also was sued Wednesday by California’s attorney general, the same day shareholders approved the lender’s takeover by Bank of America Corp.

Both lawsuits name Chairman and CEO Angelo Mozilo as a defendant.

A spokesman for the Calabasas, Calif.-based company did not immediately return messages from The Associated Press seeking comment.

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