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Real Estate & Property Law

: Housing Wire

Lawsuit Against Countrywide to Proceed

By JACOB GAFFNEY

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(Update 1: expands discussion of subprime-linked lawsuits) A federal court in the Southern District of California, San Diego dismissed a motion from Countrywide Financial to throw out a class action lawsuit brought against the nation’s largest mortgage lender. Plaintiffs allege Countrywide, now owned by Bank of America Corp. (BAC: 11.27 -0.27%), steered borrowers into risky and inappropriate [...]

Full post as published by Housing Wire on May 29, 2009 (boomark / email).

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