Madigan's office, which subpoenaed Countrywide in 2008, analyzed statistical data from more than 83,000 Countrywide mortgages in Illinois from 2005 to 2007 and interviewed company employees and borrowers.
It found black and Latino borrowers were three times more likely than white borrowers to receive higher-cost subprime mortgages.
The complaint alleges the company violated the Illinois Human Rights Act and the Illinois Fairness in Lending Act. It names Countrywide Financial Corp., Countrywide Home Loans Inc., and Full Spectrum Lending, Inc., a division of Countrywide.
The lawsuit seeks restitution and civil penalties of $25,000 for each violation of the Illinois Human Rights Act
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