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Tuesday, April 16, 2024 | Back issues
Courthouse News Service Courthouse News Service

Regional VP Says Countrywide Financial|Fired Him For Opposing Its Illegal Acts

HOUSTON (CN) - Countrywide Financial fired a regional vice president because he refused to condone its illegal acts, including inflating appraisals of homes built by Countrywide's business partner KB Homes, falsifying documents for borrowers who should not have qualified for loans, and approving 10 percent of backlogged loan applications daily so KB Homes could begin construction, Mark Zachary claims in Federal Court.

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