Countrywide The company offered subprime loans that later resulted in default. Critics have claimed that Countrywide employees told clients that their properties would increase in value and that their loans would be able to be refinanced when market values rose. The market values declined causing many to lose their homes.

Prepare a summary of each case and present responses to the questions detailed below:

What is the background and how did it take place? How much money was involved? Was it unethical? What measures can firms and regulators take to avoid situations like these ? in point form