Search for: "Countrywide Funding Corporation"
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10 May 2010, 8:00 am
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]
2 Dec 2010, 1:13 am
$200,507 in foreclosure relief money from the Countrywide Financial Corporation settlement is being distributed in Maine. [read post]
14 Jul 2008, 8:57 pm
A NYT article notes: With $32 billion in assets, IndyMac, a spinoff of the Countrywide Financial Corporation, was the biggest American lender to fail in more than two decades.In the spirit of 1960's bumper stickers --Don't worry, they're still 90 miles away--, the Times article notes:But time may be running out for some small and midsize lenders. [read post]
19 Jul 2010, 7:03 am
Countrywide Financial Corp. [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]
16 May 2008, 3:44 pm
[JURIST] A federal judge ruled [PDF text] this week that a shareholder derivative lawsuit brought against the directors and officers of mortgage lender Countrywide Financial [corporate website] for misrepresenting its financial condition could proceed. [read post]
11 Aug 2009, 2:34 am
Under the stipulation, the case is to be settled by a payment of $55 million, to be funded entirely by Countrywide’s fiduciary liability insurers. [read post]
29 Jan 2008, 7:21 am
There are some late-breaking updates to a story in the current issue of The Pomerantz Monitor regarding the Godzila-sized "severance" package for Countrywide Financial Corporation's CEO Robert Mozilo. [read post]
1 Apr 2009, 11:50 pm
In re Countrywide Corporation Shareholders Litigation, Del. [read post]
13 Feb 2012, 4:49 pm
Last week, the United States Attorney for the Eastern District of New York announced a settlement involving claims against Bank of America, Countrywide Financial Corporation, as well as certain Countrywide subsidiaries and affiliates, for underwriting and origination mortgage fraud. [read post]
15 Feb 2012, 8:12 am
The second $500 million will be used to fund a modification to Countrywide’s loan program. [read post]
4 Apr 2008, 7:18 am
(See the broad list by clicking here).Several months ago the Chapter 13 Trustee for this District filed substantially identical motions entitled Trustee’s Motion to Compel Countrywide Home Loans, Inc./ f/k/a Countrywide Funding Corp. to Provide Loan Histories and for Sanctions in 293 separate cases in which Countrywide was a creditor. [read post]
29 Aug 2011, 5:01 pm
(Bank of America acquired Countrywide in 2008.) [read post]
27 Jan 2008, 10:23 pm
Housing Wire's Paul Jackson ended a post last Friday about the expansion of New York City's class action lawsuit Countrywide Financial Corporation and others with the words "It's pretty clear that the biggest winners out of current market turmoil are the lawyers. [read post]
10 Jun 2009, 3:30 am
Countrywide was a Delaware Corporation. [read post]
29 Oct 2012, 1:03 am
One likely defense available to BofA relates to the timing of the alleged false claims: the immediate victims of Countrywide’s alleged misconduct were the private corporations originally incorporated by the government, Fannie Mae and Freddie Mac, whose subsequent federal takeover constituted taxpayer-funded bailouts. [read post]
5 Jul 2016, 5:00 am
Countrywide Financial Corp. [read post]
1 Aug 2011, 2:06 am
There are pension funds from Guam and Montana; Dutch pension funds; and investment funds from the Nuveen, American Century, T.Rowe Price, BlackRock and TIAA-CREF fund families; and many others. [read post]
30 Dec 2014, 12:03 pm
According to the pension funds, BNYM knew of the widespread defects among the trusts’ loans, and therefore had a duty to enforce Countrywide’s repurchase obligation and, under the TIA, inform certificateholders of Countrywide’s breaches.The district court ruled that the pension funds did not have standing to bring claims pertaining to RMBS trusts in which no named plaintiff had invested, and dismissed those claims. [read post]
23 Feb 2011, 5:24 am
He didn’t foresee “unprecedented collapse in home prices” or “Countrywide’s own funding drying up overnight. [read post]
