Mortgage Markets – Week of 6.30.08

Mortgage Ruling Could Shock  U.S. Banking Industry
By Gina Keating – Reuters (30 Jun 2008)

Countrywide’s Pressures Mount
By Ruth Simon – Wall Street Journal (26 Jun 2008)
“The legal and financial pressures on Countrywide Financial Corp. mounted Wednesday as officials in three states filed separate legal actions against the mortgage lender.”

Washington State
Governor’s Office Press Release
Statement of Charges

California
– Read the California Attorney General’s Press Release
Complaint for Restitution, Injunctive Relief, Other Equitable Relief, and Civil Penalties

Illinois
– Read the Illinois Attorney General’s Press Release
Complaint for Injunctive and Other Relief