IN THE COURT OF APPEAL OF THE STATE OF CALIFORNIA
SECOND APPELLATE DISTRICT
DIVISION FIVE

DAVID H. LUTHER et al.,
Plaintiffs and Appellants,

v.

COUNTRYWIDE FINANCIAL CORPORATION et al.,
Defendants and Respondents.

[ipaper docId=55863497 access_key=key-29ffvu3dvvz2o6y2yrno height=600 width=600 /]

Causes of Action:

Common law-fraud; aiding and abetting common-law fraud; negligent misrepresentation; and successor and vicarious liability

read the full complaint below…

[ipaper docId=46032654 access_key=key-1x8xbzdx6t2jo6fgkzy9 height=600 width=600 /]

Source: b.daviesmd6605

First Amended Complaint that lead to Countrywide Settlement. This is well written and shows the high pressure tactics without the ability to pay, over the top advertising.

The tactics are similar to the builder lenders who use the same tactics to create profits at the expense of the buyers. This was done with aggressive sales tactics, setting up homeowners to fail while collecting large fees at each level.

Universal American Mortgage the lender for Builder Lennar does the same, and it is mandatory to apply for their loan. There are restrictions of discounts only if their lender is used. Their loan advisors are real estate sales persons not financial lenders. It is steering at its best. Then the title company, insurance company, builder, lenders, escrow—all the same. It is really bad.

[ipaper docId=30868375 access_key=key-ntn5d3vhrh0i4gxlqel height=600 width=600 /]