Countrywide reportedly under FBI investigation
Business • March 2008 • Views: 461
NEW YORK (cnnmoney.com) — The FBI has launched an investigation into the lending practices of battered home lender Countrywide Financial Corp. according to a U.S. government official, CNN has learned. The mortgage company is suspected of fraud, the official said, which may have contributed to the subprime mortgage crisis that has rocked the U.S. economy.