Search for: "Countrywide Mortgage"
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25 Jun 2008, 4:01 pm
“Countrywide exploited the American dream of homeownership and then sold its mortgages for huge profits on the secondary market,” Attorney General Brown said. [read post]
8 Mar 2008, 5:41 pm
But now that the mortgage hawkers have crashed the economy, and the FBI is sniffing around Countrywide, suddenly it appears that OnPoint's not too keen on the whole Countrywide thing. [read post]
16 Nov 2008, 8:08 pm
Doan Law Firm just obtained an award against Countrywide Financial for $55,220.00 with additional sanctions of $500.00 per month for each month they fail to comply with a Bankruptcy Court Order, arising from improper conduct related to a mortgage discharged in a Bankruptcy Case. [read post]
3 Apr 2009, 4:43 am
A Delaware judge rejected Bank of America's effort to settle a shareholder lawsuit over its 2008 purchase of mortgage lender Countrywide Financial, saying the settlement would wrongly scuttle potential fraud claims, Reuters reported. [read post]
21 Feb 2011, 11:04 am
Mozilo is most identified with taking part in the mortgage boom that caused financial devastation to banking institutions and private homeowners. [read post]
24 Aug 2007, 4:45 am
By discrediting virtually every step taken thus far to help the housing market and the mortgage industry, Countrywide Financial Chief Executive Angelo Mozilo killed Wall Street’s buzz about the credit crunch being over. [read post]
25 Mar 2010, 7:12 am
A settlement agreement between Massachusetts Attorney General Martha Coakley and mortgage lenders Countrywide and Bank of America has been met with skepticism by some housing advocates, according to a report filed by Jenifer McKim in the Boston Globe. [read post]
7 Jun 2010, 3:08 pm
The FTC has announced a $108 million settlement with Countrywide (i.e. [read post]
29 Jun 2011, 2:13 pm
Bank of America and its Countrywide unit have reportedly agreed to pay $8.5 billion to settle claims made by a group that includes the Federal Reserve Bank of New York, Pimco Investment Management, and Blackrock Financial Management, who have been pressing the bank for a year to honor its obligation to buyback $47 billion in defaulted mortgages that the group purchased as mortgage-backed bonds from Countrywide. [read post]
29 Jun 2011, 2:13 pm
Bank of America and its Countrywide unit have reportedly agreed to pay $8.5 billion to settle claims made by a group that includes the Federal Reserve Bank of New York, Pimco Investment Management, and Blackrock Financial Management, who have been pressing the bank for a year to honor its obligation to buyback $47 billion in defaulted mortgages that the group purchased as mortgage-backed bonds from Countrywide. [read post]
22 Aug 2007, 3:04 pm
America's largest mortgage lender, Countrywide Financial Corp., began an undisclosed number of layoffs this week. [read post]
30 Jan 2008, 4:06 am
Countrywide Financial, the mortgage lender and loan servicer, reported a fourth-quarter loss of $422 million Tuesday, but the results were not expected to hinder its proposed $4.1 billion takeover by the Bank of America. [read post]
19 Jul 2010, 7:03 am
Countrywide Financial Corp. [read post]
28 Nov 2007, 12:23 pm
The subpoenas for Countrywide documents were issued in late October by the United States Trustee after the agency announced an effort to move against mortgage servicing companies that file false and inaccurate claims in foreclosure cases. [read post]
13 Jan 2008, 6:41 am
Trustee Program, that DOJ division that oversees the bankruptcy system, we highlighted its investigation into frequent alleged misrepresentations that mortgage companies such as Countrywide had made in bankruptcy cases. [read post]
4 Jan 2012, 10:57 am
Countrywide, a suit by the monoline bond insurer against Countrywide for fraud, negligent misrepresentation, etc. that induced it to insure Countrywide's mortgage-backed securities. [read post]
9 Jun 2010, 7:59 pm
The FTC’s complaint and settlement name two mortgage servicers as defendants: Countrywide Home Loans, Inc. and BAC Home Loans Servicing LP, formerly known as Countrywide Home Loans Servicing LP. [read post]
30 Jul 2012, 9:10 am
Plaintiffs sued Countrywide for unjust enrichment, arguing that Countrywide collected application and processing fees relating to applications for mortgages, as well as fees for credit monitoring services being offered by Countrywide and its subsidiary. [read post]
27 Feb 2012, 6:10 pm
Lost in the attention to the state-federal mortgage servicing settlement is the other major servicing fraud settlement: the $8.5B deal between BONY as trustee for various MBS trusts and Countrywide (Bank of America) over putback claims for securitization of mortgages that didn't comply with the requirements of the securitization documents. [read post]
1 Jul 2013, 6:11 am
Countrywide empowered loan officers and mortgage brokers to increase or decrease a borrower's interest rate within a specified range of the borrower's par rate, a rate used through application of objective factors. [read post]
