Illinois AG Alleges Large Scale Unfair, Deceptive Conduct In Suit Against Countrywide, Mozilo

In Chicago, Illinois, the Illinois Attorney General's Office today announced:

• Attorney General Lisa Madigan today filed a lawsuit in Cook County Circuit Court against Countrywide, the nation’s largest mortgage lender and servicer. The complaint alleges that Countrywide Home Loans, Inc., and its parent company, Countrywide Financial Corporation, engaged in unfair and deceptive conduct on a large scale in creating, originating, marketing and servicing unnecessarily risky and costly mortgage loans for Illinois homeowners.

For the rest of the Illinois AG press release, see Illinois AG Madigan files Lawsuit Against Mortgage Giant Countrywide (Alleges Company Deceptively Sold Risky Loans Despite Borrowers’ Inability to Pay).

To read the lawsuit, see People of the State of Illinois v. Countrywide Financial Corporation, et al. (approx 3.32 MB).

Go here, Go here and Go here for more on other Countrywide lawsuits & other problems. countrywide consumer problems