New York Times (04/03/08) P. C9
The Office of the United States Trustee will investigate the mortgage processing systems of Countrywide Financial in an attempt to uncover evidence that the lending giant systematically abuses borrowers by chronically mishandling mortgage payments, padding bills with improper fees and charges and ignoring court orders while dogging troubled consumers. Judge Thomas Agresti of the Federal Bankruptcy Court in Pittsburgh authorized the examination by the Justice Department division that polices bankruptcy filings. Countrywide opposed the review, arguing that it could set off an investigatory "free for all" of big mortgage lenders. However, the federal judge said the trustee's office had already found "a common thread of potential wrongdoing" in several bankruptcy filings involving Countrywide.
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