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 4/10 Good --- losangeles.injuryboard.com http://losangeles.injuryboard.com/index.xml
| LA injury attorney Paul Kiesel posts about many types of injuries and causes facing southern Californians today. Mr. Kiesel is experienced with many areas of personal injury law including class action, defective products, sexual abuse, toxic and hazardous substances and wrongful death. ... |
Thursday, August 07, 2008 --- 23 days ago http://losangeles.injuryboard.com/miscellaneous/connecticut-attorney-general-cou
| Another state is accusing Countrywide Financial of mortgage fraud. Connecticut joined California, Florida and Illinois among the states that have sued Countrywide, which was responsible for one in every six mortgages in 2007, according to the New York Times . The State of Connecticut is accusing the mortgage giant of steering customers into mortgages they could not afford, and charging excessive legal fees to borrowers in default. Most of these practices were executed through the use of vague language and misinformation on the loans' Truth in Lending disclosure forms ( TILA violations , such as not stating that many of the subprime loans Countrywide wrote were negative amortization loans; a violation of the Truth in Lending Act). Richard Blumenthal, Connecticut's attorney general, said today that, "Countrywide conned customers into loans that were clearly unaffordable and unsustainable, turning the American dream of homeownership into a nightmare." Connecticut, in the lawsuit that was filed with Hartford Superior Court, is demanding that Countrywide make restitution to affected borrowers, give up improper gains, and rescind, reform or modify all mortgages that broke state laws. Connecticut's complaint described the lending practices of Countrywide as, "oppressive, unethical, immoral and unscrupulous," (New York Times, 8/7/08). The Connecticut AG accused Countrywide of inflating borrowers' incomes to qualify them for loans they coul ... |
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