Florida Files Countrywide Lawsuit.

The article reports on a lawsuit filed by Florida Attorney General Bill McCollum against Countrywide Financial Corp. and its chief executive officer (CEO) Angelo Mozilo for alleged deceptive and unfair trade practices in Boward County. McCollum alleges that the company has put borrowers into mortgages they could not afford or loans with misleading rates and penalties. The lawsuit seeks civil penalties and damages. He says that the state is continuing its investigation against the company.