Washington Gov. Chris Gregoire on Wednesday accused Countrywide Financial Corp. of discriminatory and predatory lending practices that targeted minority borrowers.
She also said at a news conference at the Urban League office that the Washington Department of Financial Institutions is seeking to revoke Countrywide's license and impose a $1 million penalty.
There was no immediate response to a call made to the company's headquarters in Calabasas, Calif., for comment on the governor's action.
In addition, lawsuits were filed Wednesday by the attorneys general in California and Illinois accusing the Countrywide of using unfair practices to get homeowners to apply for risky mortgages.
And the same day Countrywide shareholders have approved a takeover by Bank of America.