Search for: "Countrywide Financial Corporation" Results 141 - 160 of 326
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21 Sep 2011, 3:23 pm by Randall Reese
Inverview from Bloomberg: Harvey Miller, a partner at Weil Gotshal & Manges LLP, discusses the prospects of that Bank of America Corp. may put its Countrywide Financial Corp. unit into bankruptcy. [read post]
12 Sep 2011, 9:13 pm
Since 1995, the top 100 companies in the United States (based on strength within industry as well as financial gains) are all listed within the top 150 corporations to work for. [read post]
7 Sep 2011, 1:23 am by Kevin LaCroix
  With these latest settlements (many of which are subject to court approval), there have now been a total of 29 settlements collectively representing a total of almost $3.4 billion, for an average settlement of $116 million (although that average is obviously skewed upward by the $627 million Wachovia bondholders settlement and the $624 million Countrywide shareholders settlement)   As impressive as these cumulative numbers are, there are still many more cases pending. [read post]
1 Sep 2011, 11:04 am by pgbarnes
Masto is seeking to revoke a 2009 settlement she reached with Bank of America over loan abuses involving its Countrywide Financial Corp. unit, charging the bank has breached the settlement terms. [read post]
29 Aug 2011, 5:01 pm
Once again, Western and Southern Life Insurance Co. is suing Bank of America Corporation for the alleged misrepresentation of mortgage-backed securities that the financial firm sold to the insurer. [read post]
20 Aug 2011, 5:09 am by McNabb Associates, P.C.
Bank, and Wells Fargo & Company, and wholesale mortgage lenders, including New Century Mortgage Corporation and Ocwen Financial Corporation. [read post]
8 Aug 2011, 1:49 am by Kevin LaCroix
  The plaintiffs’ claims related to the financial disintegration that Wachovia experience between its 2006 purchase of Golden West Financial Corporation and Wells Fargo’s 2008 acquisition of Wachovia. [read post]
8 Aug 2011, 1:49 am by Kevin LaCroix
  The plaintiffs’ claims related to the financial disintegration that Wachovia experience between its 2006 purchase of Golden West Financial Corporation and Wells Fargo’s 2008 acquisition of Wachovia. [read post]
7 Jul 2011, 11:19 pm by Kurt O'Keefe, Attorney at Law
A Forbes story quotes Susan Kastner in the Financial Times: "…The Walnut Place investors said that as many as two-thirds of the loans in two Countrywide trusts failed to meet underwriting guidelines, according to their own investigation. [read post]
7 Jul 2011, 11:19 pm by Kurt O'Keefe, Attorney at Law
A Forbes story quotes Susan Kastner in the Financial Times: "…The Walnut Place investors said that as many as two-thirds of the loans in two Countrywide trusts failed to meet underwriting guidelines, according to their own investigation. [read post]
5 Jul 2011, 1:41 am by Kevin LaCroix
  Yet Another Failed Bank Securities Lawsuit Settlement: On June 27, 2011, lead plaintiffs in the securities class action lawsuit filed in the Southern District of Florida on behalf of shareholders of the BankUnited Financial Corporation, the bankrupt holding company for the failed BankUnited FSB, filed a notice that the parties had reached an agreement to settle the case for $3 million. [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]
12 Jun 2011, 3:10 pm by Richard Posner
They were not regulatory agencies; until they collapsed during the financial crisis of 2008 and were taken over by the federal government, they were private corporations that had been chartered by Congress to promote home ownership. [read post]
5 Jun 2011, 9:16 pm by Site Administrator
John Rigas, the founder, and Timothy Rigas, his son who ran the company, are currently serving 15-and 20-year prison sentences respectively for embezzling the money from corporate investors and using corporate funds as their own. [read post]
20 May 2011, 1:56 am by Kevin LaCroix
Countrywide Financial Corporation case that state courts have concurrent jurisdiction with federal courts to hear liability lawsuits under the Securities Act of 1933, and that more recent legislative enactments did not eliminate the concurrent state court jurisdiction for the plaintiffs’ ’33 Act claims. [read post]