Search for: "Countrywide Mortgage"
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23 Dec 2014, 11:19 am
When former executive and mortgage lender at Countrywide Financial (Countrywide), Edward O’Donnell, recognized an alleged mortgage fraud scheme, he filed a federal civil lawsuit against Countrywide under the False Claims Act (FCA) on behalf of the Government. [read post]
21 Feb 2008, 10:57 pm
-based Countrywide that began when the subprime mortgage market collapsed last year. [read post]
25 Nov 2010, 6:42 am
An estimated 96 percent of Countrywide mortgages were packaged and sold as securities, apparently improperly. [read post]
10 Mar 2017, 12:00 pm
Mozilo, a co-founder of Countrywide Financial, which was one of the largest originators of subprime mortgages in the time leading up to the financial crisis. [read post]
19 Oct 2007, 7:49 pm
How is the boss at Countrywide making out, as the stock price falls? [read post]
9 Jan 2008, 10:17 am
Countrywide, the servicer on her loan, did not object to the discharge; court records from that date show she was current on her mortgage. [read post]
30 Oct 2013, 10:13 pm
A New York Federal court recently found ex-Countrywide executive Rebecca Mairone guilty of committing fraud while overseeing Countrywide’s loan-origination program. [read post]
24 Aug 2011, 8:45 am
Mortgage-Related Bankruptcy for Individuals Unfortunately, the potential bankruptcy of Countrywide holds no real poetic justice for those who turned to bankruptcy because of unaffordable subprime mortgages. [read post]
6 Oct 2008, 6:09 am
Bank of America has agreed to settle a deceptive mortgage practices lawsuit on behalf of its relatively new subsidiary, Countrywide Financial, the notoriously aggressive mortgage lender. [read post]
13 Dec 2011, 2:22 am
The certified class can now pursue claims that Countrywide and its investment banks made misleading statements and omissions in connection with the issuance of highly risky mortgage-backed securities, which were secured by mortgages virtually certain to result in defaults. [read post]
4 Dec 2008, 12:56 am
A complicated deal cut by the Attorney Generals of 15 states required Countrywide to reduce payments on thousands of mortgages to the tune of more than $8 billion. [read post]
22 Aug 2007, 5:05 am
Buffett’s Berkshire Hathaway might buy part of the largest U.S. mortgage lender. [read post]
27 Aug 2007, 4:50 am
On its way to becoming the nation's largest mortgage lender, Countrywide Financial often led potential borrowers to high-cost and sometimes unfavorable loans that resulted in richer commissions for Countrywide's smooth-talking sales force, outsize fees to company affiliates providing services on the loans, and a roaring stock price that made Countrywide executives among the highest paid [...] [read post]
15 Sep 2011, 12:11 pm
Bank of America holds not only mortgage notes that Bank of America made with its customers, but also mortgages made awhile back by Countrywide Financial Corporation because Bank of America took over all those Countrywide mortgages when Bank of America bought Countrywide back in 2008. [read post]
15 Oct 2010, 6:51 pm
The Securities Exchange Commission is reporting here that Former Countrywide CEO Angelo Mozilo will pay the SEC $22.5 million to settle SEC charges "that he and two other former Countrywide executives misled investors as the subprime mortgage crisis emerged. [read post]
26 Jul 2007, 8:14 am
The company reported not only a jump in late payments on subprime mortgages (from 15.33% to 23.71% over the same period in 2006), but also escalating delinquencies among prime borrowers. [read post]
17 Sep 2008, 5:10 pm
At the same time, authorities has reportedly arrested a former Countrywide employee who took personal information on mortgage holders and sold it to data thieves. [read post]
10 Mar 2008, 1:50 am
[JURIST] The US Department of Justice and the Federal Bureau of Investigation (FBI) [official websites] have launched a criminal investigation into troubled mortgage lender Countrywide Financial [corporate website], according to a New York Times report Sunday. [read post]
9 Jan 2013, 6:47 pm
Bank of America agreed to two settlements this week in connection with the home mortgage meltdown and Bank of America’s ill-fated acquisition of now-defunct mortgage lender Countrywide. [read post]
8 Oct 2008, 12:50 pm
Both ABAJournal.com, in a story by Debra Cassens Weiss (“Bank of America to Modify Countrywide Mortgages in $8.6B Deal”), and Law.com, in a story by Christopher Wills (Bank of America Settles Suits Over Bad Mortgages”), carried the news that Bank of America has agreed to modify mortgage loans written by the former mortgage lender, Countrywide. [read post]
