Search for: "Countrywide Mortgage"
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26 Nov 2007, 6:22 am
Already, Countrywide has laid off about 12,000 employees, a number that could soon rise to 20,000 as mortgage originations plummet. [read post]
1 Oct 2010, 8:03 am
The insurance was purchased by the mortgage companies to enhance the credit worthiness of the mortgage-backed securities.Businessweek reported yesterday about the civil action filed on September 28, 2010 in the New York state trial court, by Ambac, the insurer of mortgage backed securities issued by Countrywide entities. [read post]
15 Oct 2010, 2:37 pm
The SEC today announced that former Countrywide Financial CEO Angelo Mozilo will pay a record $22.5 million penalty to settle SEC charges that he and two other former Countrywide executives misled investors as the subprime mortgage crisis emerged. [read post]
26 Jan 2007, 1:57 pm
Such a deal would create the biggest mortgage lending group in the United States, joining Bank of America’s size and Countrywide’s [...] [read post]
17 Aug 2007, 11:17 am
In what may be the most lukewarm upgrade of the week, an analyst at Banc of America Securities on Friday raised his rating on Countrywide Financial, the largest mortgage lender in the United States, from “sell” to “neutral. [read post]
15 May 2008, 5:00 am
Directors and officers of Countrywide Financial, the beleaguered mortgage lender, must answer shareholder accusations of insider trading and an overall failure to monitor lending practices that led to the company's collapse, a federal judge in California has ruled. [read post]
6 Nov 2009, 9:29 am
A federal judge rejected a request by Angelo Mozilo, the former chief executive of mortgage lender Countrywide Financial Corp, to dismiss a U.S. [read post]
3 Mar 2008, 4:25 am
Countrywide Home Loans, the troubled mortgage lender that has agreed to be sold to Bank of America, engaged in questionable conduct in a bankruptcy case involving two borrowers in Atlanta, the United States Trustee contended in a lawsuit filed late Thursday. [read post]
10 Jan 2008, 11:48 am
Bank of America is in talks to acquire Countrywide Financial, the troubled mortgage lender in which it has a $2 billion stake, people briefed on the situation told DealBook. [read post]
30 Jan 2012, 6:42 pm
Countrywide Home Loans, the insurers are seeking to recover for amounts paid out on policies that were underwritten based on misrepresentations, as well as force Countrywide to repurchase the risk for the allegedly defective mortgage loans. [read post]
23 Jun 2009, 11:40 pm
Countrywide became one of the country's largest mortgage lenders until it suffered losses due to subprime loans, and was merged into Bank of America in July 2008. [read post]
25 Aug 2010, 8:37 am
Mozilo, former chief executive of Countrywide Financial, promises to feature the aggressive mortgage practices of what was then the nation's largest mortgage lender. [read post]
17 Feb 2011, 1:20 pm
Angelo Mozilo comes across as a passionate defender of Countrywide Financial in testimony released by the government, remaining defiant of criticism that it fed the subprime mortgage bubble. [read post]
8 Jun 2010, 2:49 pm
Countrywide has agreed to pay $108 million. [read post]
9 Jan 2008, 5:51 pm
Jumping a little more on the potential Countrywide bankruptcy filing, Fox Business has an article entitled Mortgage Lender's Bankruptcy Would Have Severe Impact on Consumers. [read post]
13 Nov 2007, 3:52 am
Countrywide Financial, the mortgage lender, said Monday that its ability to raise money and increase deposits in its banking subsidiary could be hampered if its credit ratings were reduced below investment grade. [read post]
28 Nov 2007, 1:02 pm
California homeowners protested outside the offices of Countrywide Financial this week, demanding a moratorium on foreclosure proceedings and increased efforts at mortgage loan-modification. [read post]
23 Oct 2007, 2:33 pm
If other mortgage companies follow Countrywide and offer to change the terms of the ARMs whose adjustments are adding to the tidal wave of [...] [read post]
18 Nov 2008, 4:11 am
It's been widely reported that Countrywide Mortgage had a special VIP program that provided various discounts to well-connected elites who could help Countrywide politically, most famously Sen. [read post]
16 Jul 2010, 5:26 am
Bennett agrees to help Ethics panel in probe of Countrywide mortgages. [read post]
