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Piling On; Connecticut joins the list of states suing Countrywide.

Publication: Broker Magazine
Publication Date: 01-SEP-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
CONNECTICUT

BoA: Reviewing Operations

Connecticut attorney general Richard Blumenthal is the latest state chief legal officer to file suit against mortgage giant Countrywide Financial Corp., Calabasas, Calif., for allegedly pushing consumers into deceptive, unaffordable loans and workouts, and charging homeowners in default unjustified and excessive legal fees.

Mr. Blumenthal's lawsuit, filed in Superior Court in Hartford, seeks restitution of up to $100,000 per alleged violation of state banking laws and up to $5,000 per alleged violation of state consumer protection laws. "Countrywide conned...



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