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Connecticut sues Countrywide

August 07, 2008|From Times Wire Services

Connecticut sued Countrywide Financial Corp., becoming the latest state to take the mortgage lender to court over its lending practices.

State Atty. Gen. Richard Blumenthal alleges that Countrywide misled borrowers into taking on risky home loans they could not afford. California, Illinois, Florida and the city of San Diego have made similar claims in their own lawsuits against the company.

Countrywide, based in Calabasas, said in a statement that it could not comment on pending litigation.

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