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25 May 2011, 7:16 am
Readers may remember the case of Countrywide Financial Corp., now a unit of Bank of America, which became an early casualty of the housing crisis because it handed out loans to many borrowers it knew couldn't pay, then securitized the loans to pass on the risk to investors. [read post]
22 Dec 2022, 2:02 pm by Matt Grimshaw
Protections and benefits apply to all active duty members in the Army, Navy, Coast Guard, Marine Corps, and Air Force, as well as Reserve members on active duty. [read post]
8 Jun 2016, 2:49 pm by Kevin LaCroix
” Under that program, Countrywide entered into contracts to sell loans to the GSEs in which it represented that the loans would be an “Acceptable Investment” and “have the characteristics of an investment quality mortgage. [read post]
1 Dec 2005, 12:47 pm
The result is confusion for already-stressed homeowners, said Mike Shea, executive director of Acorn Housing Corp., a national nonprofit group that provides free housing counseling to low- and moderate-income home buyers. [read post]
20 May 2019, 9:11 am by MOTP
PLS Financial Services, Inc., however, a federal district court and the Fifth Circuit reached the opposite conclusion in a proposed class action presenting the very same litigation waiver question under almost identical factual circumstances, 689 Fed.Appx. 800 (5th Cir. 2017) (per curiam).How should these cases be counted? [read post]
20 Jun 2011, 9:47 am by Kali Borkoski
Title: First American Financial Corp. v. [read post]
17 Aug 2010, 5:00 am by J Robert Brown Jr.
  The loans were done by a single subsidiary (AIG Securities Lending Corp), effectively centralizing the process. [read post]
11 Aug 2010, 8:02 am by admin
  This is what happens when survivors buy expirers   Much of the gain came from their acquisitions of Countrywide Financial Corp., Washington Mutual Inc. and Wachovia Corp., respectively. [read post]
25 Jan 2010, 7:33 pm by Kevin Funnell
        The FDIC in turn handed Charter over to a Texas company, Beal Financial Corp., which will keep the Charter name and open for business as usual Monday. [read post]
17 Sep 2008, 5:08 am
According to the plaintiffs’ counsel’s September 16, 2008 press release (here), plaintiffs have filed a securities class action lawsuit against BankUnited Financial Corp. and certain of its directors and officers. [read post]
28 Mar 2008, 4:17 pm
`Let the House Go'People are putting their credit card payments ahead of their mortgages, said Richard Fairbank, chief executive officer of Capital One Financial Corp., the largest independent U.S. credit card issuer. [read post]
21 Aug 2012, 7:45 pm by Kevin Funnell
This is a not-so-shocking revelation: A Democratic committee chairman overrode his own subpoena three years ago in an investigation of former subprime mortgage lender Countrywide Financial Corp. [read post]
6 May 2014, 9:17 pm by Allison Tussey
” The warehouse lenders relied on Wider and HTFC to ensure that home buyers were able to pay the mortgages and that the market value of the homes fully collateralized the loans. [read post]
6 Dec 2006, 10:29 pm
"(Though Countrywide has a national bank, its home loan unit is separate and thus not shielded by preemption. [read post]