California Settles Lawsuit Against Countrywide Executives

California Settles Lawsuit Against Countrywide Executives

LOS ANGELES - (AP) The state of California has reached a settlement in a predatory lending lawsuit against former executives at Countrywide Financial Corp. that will pour $6.5 million into a fund to help foreclosed homeowners. The state had sued Countrywide, CEO Angelo Mozilo and President David Sambol under former Attorney General Jerry Brown. Full version available to lexis.com subscribers.