IN THE NEWZ!!!
State Seeks To Pull Countrywide's License To Write Loans In Washington
Gov. Chris Gregoire said the State of Washington is seeking to pull the license of Countrywide Home Loans to write any more loans in Washington and that investigators found evidence of "predatory practices" aimed at minorities. Ouch!!! More Details [PDF:] Lawsuit Against Countrywide
Furthermore, in anothe big blow, while shareholders of Countrywide Financial Corp. voted to approve the company's acquisition by Bank of America, the Attorneys General of California and Illinois each filed lawsuits against the lender and its top executives on charges of unfair and deceptive business practices.
In this lending environment, is Countrywide a good acquisition for mega bank BANK of AMERICA?
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