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Entries from LAist tagged with 'homebuyer'

June 29, 2008

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......

Continue Reading "Countrywide is Just Part of the Mortgage Problem..."

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