SAN DIEGO — California officials have ramped up their attempts to stem the tide of foreclosures in the Golden State by filing two more lawsuits against lenders accused of predatory lending.
The city of San Diego has sued Washington Mutual Inc. and Wachovia in separate lawsuits alleging predatory lending and mortgage fraud.
The lenders are accused of engaging in a pattern of "unlawful, unfair or fraudulent conduct by originating home loans without consideration of the borrower's ability to repay."
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