Federal Lawsuit Seeks $1 Billion From Bank Of America For Mortgage FraudThe latest federal lawsuit over alleged mortgage fraud paints an unflattering picture of a doomed lender: Executives at Countrywide Financial urged workers to churn out loans, accepted fudged applications and tried to hide ballooning defaults.
Calif. Settles Predatory Lending Lawsuit Against CountrywideThe state of California has settled a predatory lending lawsuit against former Countrywide Financial Corp. CEO Angelo Mozilo and President David Sambol.

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