Search for: "Countrywide Bank" Results 181 - 200 of 1,079
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14 Jan 2008, 7:36 am
On Friday, Bank of America (BAC) announced that it was acquiring Countrywide Financial (CFC) in what is either a fire-sale price of $4 billion, or still too much, based on the problems Countrywide faces. [read post]
5 Jan 2012, 9:42 am by Irene
  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]
26 Apr 2011, 10:04 am by Nate Raymond
Los Angeles federal district court judge Mariana Pfaelzer held that Bank of America's 2008 acquisition of Countrywide was a sale of assets and not a de facto merger. [read post]
20 Oct 2010, 12:31 pm by Victor Li
The bondholders' lawyer, Gibbs & Bruns partner Kathy Patrick, says BofA could be on the hook for $20 billion for allegedly violating contractual underwriting standards on mortgage-backed securities issued by Countrywide. [read post]
13 Jan 2008, 6:41 am
Today Law Blog colleague Amir Efrati reports that more judges overseeing those cases are raising concerns about the big mortgage lender ahead of its planned acquisition by Bank of America. [read post]
13 May 2013, 12:18 pm by Editorial Board
On May 6, monoline insurer MBIA announced that it had reached a $1.7 billion settlement with Bank of America in connection with alleged fraud and breach of contract claims related to Countrywide-issued mortgage-backed securities insured by MBIA. [read post]
13 May 2013, 12:24 pm by Editorial Board
(AIG) to proceed with several of its claims against Bank of America and related entities arising from AIG’s purchase of Countrywide-issued RMBS. [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]
29 Jun 2011, 6:57 am by Zach Zagger
[JURIST] Bank of America (BOA) [corporate website] announced Wednesday that it has agreed to pay $8.5 billion [press release] to settle claims that it sold bad securities contributing to the housing market collapse. [read post]
28 Nov 2007, 8:37 pm
Oddly amusing, wasn't it, Chuck Schumer calling on the Federal Housing Finance Board to investigate the loans pledged as collateral to the Federal Home Loan Bank of Atlanta to secure advances made by the Bank to Countrywide's federal thrift subsidiary? [read post]
12 Aug 2008, 2:43 pm
After all, now that Countrywide is owned by Bank of America (BAC), there won’t be any more Qs going forward. [read post]
22 Feb 2011, 10:30 am by Michael Rothfeld
Previous LB posts on Countrywide are here, here, here and here. [read post]
3 Sep 2013, 7:00 am by Editorial Board
District Court for the Central District Court of California dismissed with prejudice a suit brought by the Federal Deposit Insurance Corporation (FDIC) against Countrywide Securities Corporation, Countrywide Financial Corporation, Bank of America Corporation, Deutsche Bank Securities, Inc. and Goldman, Sachs & Co. [read post]
16 Feb 2012, 9:02 am
When a former Countrywide Financial employee was on the witness stand late last year, she testified that the bank tried to buy her silence about its part in the Miami mortgage meltdown. [read post]
24 Oct 2013, 10:57 am by Marcia L. Narine
A jury found both former Countrywide executive Rebecca Mairone and Bank of America liable for fraud for Countrywide’s “Hustle” loans in 2007 and 2008 (see here). [read post]
22 Jan 2013, 7:06 am by Editorial Board
Pfaelzer of the United States District Court for the Central District of California dismissed a $193 million suit brought by mutual fund Asset Management Fund against several Bank of America and several related entities, including Merrill Lynch and Countrywide Financial. [read post]