Countrywide Sued in a Consumer Fraud Lawsuit by Former Employees
Countrywide Financial is being sued in aconsumer fraud lawsuit by a former employee who claims the company purposely inflated property values for Federal Housing Authority-backed loans. According to Law360 (subscription required), Kyle Lagow claims that Countrywide paid fees that were above-market to appraisers who inflated home values. He also claims the company awarded appraisers who