Illinois AG Help Line Flooded With Calls Since Filing Countrywide Lawsuit

In Illinois, the Naperville Sun reports:

• The Illinois attorney general's office is encouraging homeowners with a Countrywide Financial Corp. loan to seek professional help if they're questioning the terms of their loan. Illinois Attorney General Lisa Madigan this week filed a lawsuit in Cook County Circuit Court against the nation's largest mortgage lender and servicer, claiming the company used deceptive practices to lure borrowers into unaffordable loans.

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• A spokesman with Madigan's office said Thursday that consumers with a 30-year fixed mortgage should not be alarmed, but carefully reviewing all documents of the loan is recommended. "Make sure you actually have that fixed mortgage," spokesman Natalie Bauer said.

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• The attorney general's office also has provided a homeowners referral help line, 866-544-7151, which officials say has been inundated with calls.

For more, see Madigan advises home buyers to review Countrywide loans.

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