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Home / IL: Dem AG Launches Investigation Into Countrywide Home Loan UnitIL: Dem AG Launches Investigation Into Countrywide Home Loan Unit
Last Updated on Thursday, 13 December 2007 10:46 Written by rslcpol Thursday, 13 December 2007 10:46
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.
This entry was posted on Thursday, December 13th, 2007 at 10:46 am and is filed under Attorney General News.
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