Countrywide being investigated
Reuters is reporting that Countrywide is being investigated by the FBI. Here is a link to the Reuters article. http://biz.yahoo.com/rb/080309/countrywide_inquiry.html?.v=1 Several states have already launched investigations against some appraisers, and so it is not surprise that lenders are going to be investigated for the housing mess as well. With lenders having lax practices, investors purchased…