Nevada takes on Countrywide: too little too late?

The state of Nevada has filed a lawsuit against Countrywide in Clark County court alleging that the company deceived consumers through deceptive lending practices.

Bank of America recently announced it was rebranding Countrywide and the practices that company engaged in are no longer possible in a tight credit market.  So beyond political grandstanding, a lawsuit by Nevada asking Countrywide to stop its bad lending practices seems pointless.

Complaint courtesy Courthousenews

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One Response to “Nevada takes on Countrywide: too little too late?”

  1. LOIS KOKTAVY Says:

    WE. RECENTLY RECEIVED A LETTER FROM COUNTRYWIDE, WANTING
    TO GIVE US 900.00. WHEN MY HOME WAS FORECLOSED ON AND
    I INVESTED 250,00.00 OF MY OWN MONIES INTO THIS HOME.
    I WOULD RATHER JOIN THE CLASS ACTION LAWSUIT FOR THEIR
    ACTIONS. I AM VERY UPSET BROKERS AND BUILDERS NEVER
    GOT INTO TROUBLE. THEY NEW WHAT THEY WERE DOING AS
    WELL.

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