Attorney General Jerry Brown recently announced that the State of California has filed a legal suit against Countrywide home mortgage lender for deceptive lending practices that has caused thousands of foreclosures. Brown cites that Countrywide routinely failed to explain complicated and expensive mortgage terms to consumers -- a practice that encouraged borrowers to agree to completely unaffordable mortgage terms. But according to several lending professionals working in California State (who requested that their anonymity be......

New News for those following the ongoing Countrywide trainwreck. As reported by the LA times on Saturday, despite the ongoing national economic worries, and the total meltdown of the company, Countrywide Executives are still set to recieve Big Bucks Big Bucks no Whammies: The top two executives of beleaguered Countrywide Financial Corp. will pocket $19 million in stock next week, according to a regulatory filing. It's the start of a series of multimillion-dollar payments expected......