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Calif. Court Renews ARM Suit Against Countrywide, AmNet

By Erica Teichert (October 12, 2012, 4:42 PM EDT) -- A California appeals court on Thursday revived a suit claiming American Mortgage Network Inc.'s and Countrywide Financial Corp.'s option adjustable rate mortgages were deceptive and hid key financial terms from customers, saying loan documents support the allegations and the case should move forward....

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