WaMu Next In Line For San Diego As City Attorney Files Civil Suit Alleging Unlawful Lending Practices; Another Suit To Follow Against Unnamed Lender

In San Diego, California, XETV Channel 6 reports:

• City Attorney Michael Aguirre filed a lawsuit Friday against Washington Mutual, alleging that the bank engaged in unlawful subprime mortgage lending practices. The lawsuit seeks civil penalties and an injunction to stop further lender foreclosures on subprime mortgages statewide.

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• It is the second lawsuit filed against a major mortgage lender by the San Diego City Attorney's Office in recent months. Aguirre said his office will bring another lawsuit against an undisclosed home loan company by Tuesday. [...] Aguirre sued Countrywide Financial Corp. and new parent company Bank of America in July, also alleging unlawful lending practices.

For more, see San Diego Sues Washington Mutual for Predatory Lending.

For a copy of the lawsuit, see People of the State of California v. Washington Mutual Inc.