In re Countrywide Financial Corporation Mortgage Marketing and Sales Practices Litigation, No. 080md1988 DMS (WMC), 2011 U.S. Dist. LEXIS 118033 (S.D. Cal. Oct. 11, 2011)

(class certification rejected for parties that borrowed money and claimed that "predatory lending" schemes subjected them to "toxic" adjustable-rate mortgage loans that were then bundled and sold as investments on secondary market as "mortgage-backed securities"; claims involved alleged violations of Racketeer Influenced and Corrupt Organizations Act (RICO) and unfair competition; claimed involved unconscionable increase in borrowers' debt burden because loans offered interest-only payments or minimum monthly payments at less than amount that would cover interest; court found dissimilarities in purported class members' cases such that class could not be certified; RICO and unfair competition claims fail due to lack of "common course of conduct" - loans made through many independent brokers that had no contact with Countrywide Financial). 

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