In the shambles of the housing market, Countrywide is being forced to pay its dues...and then some. State officials expanded a previously filed lawsuit against Countrywide, alleging the once–giant mortgage lender rewarded staff for selling risky loans. The new claims amended the original lawsuit filed by the California attorney general's office, accusing Countrywide of deceiving borrowers with misleading advertisements and other unfair prices. Patt surveys the damages this afternoon with Attorney General Jerry Brown.
* Jerry Brown, California Attorney General