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State to announce suit against mortgage lender

State to announce suit against mortgage lender
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Indiana Attorney General Steve Carter is suing mortgage lender Countrywide Financial over "unfair practices," and Carter will talk about the suit Monday morning in Gary.

Carter will have a news conference at 10 a.m. at the Gary Jet Center, according to a news release from his office.

Illinois Attorney General Lisa Madigan also is suing Countrywide.

Madigan's civil suit against the embattled lender seeks restitution for the subprime lending practices widely blamed for starting the nation's housing crisis.

Copyright 2012 nwitimes.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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