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11 Jan 2008, 9:35 am
Bank of America’s deal to acquire Countrywide Financial has garnered both praise and brickbats from the financial community and the press. [read post]
21 Feb 2011, 11:04 am
[JURIST] Federal prosecutors have dropped a criminal investigation against former Countrywide Financial Corporation [JURIST news archive] executive Angelo Mozilo, concluding that he was not involved in any criminal conduct during his time as director over the company, according to Friday reports. [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]
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]
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]
15 Jan 2008, 4:40 am
Fears that the troubled mortgage lender Countrywide Financial has been on the verge of bankruptcy were due to unfounded rumors, Bank of America’s chief executive, Kenneth Lewis, said Monday. [read post]
18 Oct 2010, 8:24 am
I had previously blogged that the individual Countrywide officers who are defendants in a civil action brought by the SEC had lost their motions for summary judgment. [read post]
5 Jan 2012, 9:42 am
In the Countrywide case, details of the unscrupulous arrangement are buried deep (page 10 of the 17-page settlement) in the court document where Bank of America’s Countrywide Financial Corporation agrees to pay to resolve allegations that it discriminated against qualified black and Hispanic borrowers. [read post]
24 Mar 2009, 5:52 am
CHRIS DODD / COUNTRYWIDE UPDATE: A new report showcases the lengths executives at Countrywide Financial went to in order to provide below-market mortgage rates to well-connected Washington insiders. [read post]
5 Jan 2009, 9:05 am
In re Countrywide Financial Corporation Derivative Litigation, Case No. [read post]
10 Sep 2019, 8:00 am
Countrywide can help. [read post]
7 May 2013, 2:03 pm
On April 29, Justice Eileen Bransten of the New York State Supreme Court issued an opinion granting in part and denying in part competing motions for summary judgment filed by MBIA and Countrywide in connection with tort and contract claims MBIA asserted concerning its insurance policies wrapping certain Countrywide RMBS. [read post]
25 Jun 2008, 8:52 pm
Illinois Attorney General has now filed a suit against Countrywide ("mortgage giant" is just the nickname) and related parties. [read post]
12 Jan 2008, 11:00 am
Interesting article on Fortune: BofA's Awesome Countrywide Tax Break, by Allan Sloan: Guess who's helping Bank of America pay for its $4.1 billion purchase of Countrywide Financial? [read post]
2 Jan 2015, 5:51 am
On March 12, 2010, Bank of America Home Loans (which had acquired Countrywide) replied to the Jesinoksis that it was refusing to acknow... [read post]
1 Jul 2008, 3:56 am
On June 5, the Federal Reserve granted permission to Bank of America Corp. to buy Countrywide for $4 billion.On June 30, Lisa Myers discussed questionable loans made by Countrywide, including statements by one Mark Zachery and by one Lisa Blue suggesting outright fraud by Countrywide. [read post]
25 Aug 2008, 10:41 am
Ticor Title Insurance Company sued Countrywide Home Loans in Illinois’ Cook County Circuit Court. [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]
17 Oct 2010, 10:20 am
The SEC alleged that Mozilo and Countrywide failed to disclose to investors the significant credit risk that Countrywide was taking on as a result of its efforts to build and maintain market share. [read post]
27 Aug 2007, 11:55 am
Inside the Countrywide Lending Spree, by Gretchen Morgenson:Independent brokers who have worked with Countrywide also say the company does not provide records of their compensation to the IRS on a Form 1099, as the law requires. [read post]
