Search for: "Countrywide Securities" Results 61 - 80 of 817
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10 May 2010, 8:00 am by Lucas A. Ferrara, Esq.
New York Pension Funds Settle Countrywide Financial Corporation Litigation For $624 Million Last week, the New York State Common Retirement Fund and the five New York City public pension funds announced a proposed settlement of the Countrywide Financial Corporation Securities Class Action for $624 million. [read post]
5 Apr 2022, 8:00 am by Len Feltoon
Medicaid, Social Security, and Supplemental Security Income are well-known federal programs. [read post]
3 Sep 2013, 7:00 am by Editorial Board
District Court for the Central District Court of California dismissed with prejudice a suit brought by the Federal Deposit Insurance Corporation (FDIC) against Countrywide Securities Corporation, Countrywide Financial Corporation, Bank of America Corporation, Deutsche Bank Securities, Inc. and Goldman, Sachs & Co. [read post]
7 Aug 2018, 8:00 am by Len Feltoon
A person knows almost immediately of any attack on his or her financial security. [read post]
17 Apr 2013, 7:44 am by Kevin LaCroix
In what is the largest settlement so far of an mortgage-backed securities class action lawsuit filed as part of the subprime and credit-crisis securities litigation wave, the parties to the consolidated Countrywide mortgage-backed securities suit pending in the Central District of California have agreed to settle the litigation for $500 million. [read post]
19 Jul 2012, 8:15 am by Dan Taglioli
Syncora filed a lawsuit against BOA and Countrywide in 2009 claiming that Countrywide had misrepresented the quality of the mortgages underlying the securities that Syncora agreed to insure. [read post]
22 Feb 2011, 10:30 am by Michael Rothfeld
And settlements between the Securities and Exchange Commission and Countrywide executives, including former chief Angelo Mozilo, have added another $48.1 million to the pot. [read post]
27 Feb 2012, 6:10 pm by Adam Levitin
The reversal was because CAFA's removal provision has an exception for securities claims. [read post]
21 Dec 2011, 6:43 pm
BofA Agrees Record $335M Fair-Lending Deal, Bloomberg, December 21, 2011 Countrywide Will Settle a Bias Suit, New York Times, December 21, 2011 More Blog Posts: Federal Home Loan Banks Say Countrywide Financial Corp Mortgage Bond Investors May Be Owed Way More than What $8.5B Securities Settlement with Bank of America Corp. is Offering, Institutional Investors Securities Blog, July 22, 2011 California Investigating Whether Bank of America &… [read post]
25 Jan 2011, 7:24 am by Mandelman
In the debate over whether the mortgage-backed securities of recent years “taste great,” or are “less filling,” it appears that institutional investors and some of the world’s largest insurance companies are now saying that they’re less filling… as in Countrywide and Bank of America neglected to include the mortgage-backed part, and instead sold them empty “securities. [read post]
29 Aug 2011, 5:01 pm
Western and Southern Life’s first MBS lawsuit against BofA sought $225 million in losses over securities it bought through Countrywide Financial Corp. [read post]
29 Jun 2011, 6:57 am by Zach Zagger
The securities, called first-lien residential mortgage-backed securitization, were issued by the BOA unit Countrywide Financial Corporation [corporate website], which it purchased [AP report] for $4 billion in 2008. [read post]
8 May 2010, 1:22 pm
KPMG was the auditor for Countrywide, and Countrywide itself was purchased by Bank of America in 2008, which will eventually pay the amount.According to New York Comptroller Thomas DiNapoli, Countrywide exposed investors to “excessive, undisclosed risk” and “violated securities laws by making misstatements and omitting material facts about its policies and procedures” for lending. [read post]
15 Nov 2018, 8:50 am by Len Feltoon
Our benefit relieves much of the anxiety and has the tools for restoring fiscal security. [read post]
29 Jun 2011, 10:24 am by Kevin LaCroix
There are many other pending suits brought on behalf of investors who purchased Countrywide-issued mortgage backed securities. [read post]
8 Sep 2011, 7:35 am
In state court, Countrywide alleged that the parties had always intended the mortgage to secure a lien on the home, and moved to convert the home to real property, then sell the real property to satisfy the debt. [read post]
26 Aug 2011, 3:17 am by Seth Leventhal
Should the CEO of Countrywide be held personally responsible for some of the many billions of dollars losses of pension funds and other investors who bought Countrywide mortgage-backed securities (MBS)? [read post]
22 Dec 2016, 8:50 am by Len Feltoon
Countrywide will go the extra mile to help a person retain as much of the security deposit as they deserve. [read post]