WSJ: Countrywide Financial Faces FBI Probe

According to a new report by the Wall Street Journal, Countrywide Financial is currently under investigation in the United States by the Justice Department and the Federal Bureau of Investigation.

The probe is reportedly looking into possible securities fraud by the sub-prime lender. 

According to unnamed officials, the feds are currently investigating whether Countrywide misrepresented either its financial condition or the soundness of its loans in various security filings.

“We are not aware of any such investigation,” said Countrywide spokeswoman, Susan Martin.

On Saturday, FBI spokesman Richard Kolko, refused to confirm whether an investigation is indeed in process. 

Countrywide is currently the largest mortgage lender in the USA.