Search for: "Countrywide Mortgage"
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26 Nov 2010, 5:43 am
As New Jersey Newsroom reported Nov. 24, testimony in a bankruptcy case suggests that Countrywide Financial made a policy of not sending mortgage documents to buyers when it securitized mortgages. [read post]
30 Jun 2011, 4:38 am
Bank of America announced it reached agreement to settle nearly all of the claims related to Countrywide-issued first-lien residential mortgage-backed securities, representing 530 trusts with an original principal of $424 billion. [read post]
24 Aug 2010, 3:02 pm
The SEC has already charged Angelo Mozilo, the former CEO of Countrywide, with fraud and insider trading. [read post]
4 Feb 2008, 4:53 am
Consumer groups in four states are asking congressional banking committees to conduct hearings on Bank of America’s proposed $4.1 billion buyout of struggling mortgage lender Countrywide Financial. [read post]
3 Feb 2011, 10:07 am
The lawsuit alleged that Countrywide lured borrowers with low teaser rates prior to the mortgage crisis. [read post]
20 Jun 2008, 10:48 am
Bank of America expects to complete its acquisition of mortgage lender Countrywide Financial by July 1, according to Reuters. [read post]
26 Sep 2007, 10:59 am
As you may recall, President Bush requested that mortgage companies begin to work with people who are [...] [read post]
14 Jun 2010, 4:07 am
The settlement also addresses the problems with Countrywide's mortgage servicing in bankruptcy. [read post]
22 Feb 2008, 2:30 pm
Countrywide is selling itself at fire-sale prices to Bank of America. [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]
13 Mar 2012, 1:23 pm
The agency says former executives at Thornburg Mortgage, once the nation's second-largest mortgage company after Countrywide Financial, hid the company's deteriorating financial condition at the onset of the financial crisis in 2008. [read post]
20 May 2013, 4:45 pm
However, by 2008, MBIA had become at least as prominent in insuring mortgage-backed securities, including those generated by two Bank of America acquisitions, Countrywide (which generated the risky home mortgages) and Merrill Lynch (which created and sold securities backed by the Countrywide mortgages). [read post]
10 Jun 2010, 8:07 pm
" Countrywide's unethical practices included requiring borrowers who were already late on their mortgage payments to pay additional fees of several thousand dollars at a time. [read post]
15 May 2012, 9:31 am
It's important to note that not everyone who had a Countrywide or Bank of America mortgage is going to qualify. [read post]
10 Aug 2007, 11:34 am
Is Countrywide next? [read post]
6 May 2013, 6:54 am
Countrywide also falsely claimed that its appraisals met acceptable standards designed to insure that the value of the property was adequate collateral for the mortgage, the lawsuit said. [read post]
18 Jun 2010, 7:31 am
According to the article, the illegal behavior targeted homeowners who were already behind on their mortgage payments. [read post]
21 Aug 2008, 11:09 am
Nishon Johnson, 37, Detroit, Michigan, a loan originator, and others were involved in a scheme to defraud mortgage companies, New Century Mortgage and Countrywide Home Loans. [read post]
1 Jul 2008, 2:10 pm
It’s official: Bank of America has acquired Countrywide Financial, marking the completion of an audacious rescue of one of the most troubled lenders in the United States. [read post]
12 Aug 2009, 1:36 pm
Although the issue before the court was only what do to with Countrywide, we should move toward this sort of form as a requirement nationally for all mortgage servicers. [read post]
