P
Reports: FBI Investigating
Countrywide
Sunday March 9, 10:35 am ET
Reports: FBI Begins
Investigation Into Countrywide
Financial Corp. for Securities
Fraud

LOS ANGELES (AP) -- Federal
authorities are investigating
Countrywide Financial Corp.
for securities fraud,
according to media reports.

The FBI is in
more

P
Reports: FBI Investigating
Countrywide
Sunday March 9, 10:35 am ET
Reports: FBI Begins
Investigation Into Countrywide
Financial Corp. for Securities
Fraud

LOS ANGELES (AP) -- Federal
authorities are investigating
Countrywide Financial Corp.
for securities fraud,
according to media reports.

The FBI is in the early stages
of an inquiry into whether
company officials
misrepresented its financial
position and the quality of
its mortgage loans, The Wall
Street Journal first reported
Saturday, citing law
enforcement officials and
finance executives with
knowledge of the development.

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The Justice Department is also
involved in the investigation
into the nation's largest
mortgage lender, said the New
York Times, which also cited
anonymous sources who said
they were not authorized to
discuss ongoing criminal
matters.

'We are not aware of any such
investigation,' Countrywide
spokeswoman Susan Martin told
the Times.

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