Countrywide Homeloans Scandal - FirstAmericanTV.com

Did you hear the news about Countrywide? You don't want to miss the hottest news coming up next. Hey, this is Joseph Yomtoubian and you are watching FirstAmericanTv.com, Your source for Real Estate and Mortgage News 24/7. The notorious Countrywide Financial Corp is being sued by the California attorney general. Countrywide is being accused of misleading advertising, taking on risky home loans, and other unfair business practices. He wants relief for people impacted as a result of the mortgage crisis. This lawsuit comes on the same day the countrywide shareholders were scheduled to vote on the company's takeover by Bank of America. That's it for now….Thanks for watching FirstAmericanTV.com. I'm Joseph Yomtoubian. Check back soon for more tips and real estate news.