Search for: "Countrywide Bank"
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29 Oct 2012, 8:17 am
The federal government's lawsuit against Bank of America Corp., alleging that its Countrywide Financial Corp. unit misrepresented the quality of home loans they sold to mortgage-finance firms Fannie Mae and Freddie Mac, is a new take on an old law. [read post]
22 Feb 2012, 9:43 am
Economic Policy Institute, January 23, 2012 by Richard Rothstein http://www.epi.org/publication/bp335-boa-countrywide-discriminatory-lending/ The Obama Administration’s prosecution of Bank of America is a welcome but small step in tackling the government-sanctioned practices that contribute to racial segregation in our cities. [read post]
1 Apr 2009, 11:50 pm
After the January 11, 2008, announcement of Countrywide’s proposed merger with Bank of America Corporation (“BOA”), Countrywide stockholders brought an action seeking to enjoin the merger, alleging breach of fiduciary duties by the individual director-defendants of Countrywide and aiding and abetting charges against BOA. [read post]
19 Apr 2018, 8:00 am
Such information is what the bank is looking for when they’re considering a person’s loan application. [read post]
5 Dec 2011, 1:03 pm
The Department of Justice (DOJ) and the Illinois Attorney General sued Bank of America, alleging that the bank's recently acquired Countrywide Financial Unit offered mortgages to black consumers on less favorable terms than white consumers. [read post]
6 May 2008, 2:02 pm
Is Bank of America still going to buy Countrywide? [read post]
13 Jun 2011, 6:09 am
Countrywide has been implicated for robo-signing and other shoddy paperwork practices in testimony from a former employee, but new owner Bank of America has denied this. [read post]
16 Nov 2009, 7:34 am
LIMITED ENTHUSIASM FOR Barney Frank and Chris Dodd's banking "fix. [read post]
11 Sep 2009, 6:57 am
“With Chris Dodd keeping his seat as Senate Banking Committee Chair, the players for the battle royale on regulatory intrusion are set. [read post]
31 Jan 2007, 11:47 am
Asked about recent reports that Bank of America was in talks that might lead to an acquisition of Countrywide, Bank of America Chief Executive Kenneth Lewis said Wednesday his company would follow a mortgage strategy of “organic growth.” Speaking at a financial-services conference, he also said the odds were “pretty low” that his company [...] [read post]
11 Jan 2008, 4:55 pm
Everyone has their eyes on Bank of America’s takeover of Countrywide, which was announced today. [read post]
7 Oct 2008, 12:06 pm
Bank of America, citing "recessionary conditions," halved its dividend on Monday and said it would sell at least $10 billion in new common stock to bolster its capital to offset rising loan losses. he largest U.S. bank, which has worried some investors over the past year with big ticket takeovers of mortgage lender Countrywide Financial and [...] [read post]
21 Jul 2008, 12:57 pm
The bank also said that its July 1 acquisition of Countrywide Financial, once the nation's largest mortgage lender, will add to profit [...] [read post]
3 Dec 2008, 6:08 am
One final note, as I discussed here, in October 2008, the Delaware federal court dismissed the Delaware-based Countrywide subprime-related derivative lawsuit, due to the plaintiff’s lack of standing to pursue the case following Bank of America’s acquisition of Countrywide. [read post]
23 Jun 2010, 9:16 am
Up to $90.00 for check printing costs should you decide to close your bank accounts as a precautionary measure to protect yourself from harm. [read post]
13 Aug 2012, 12:33 pm
The FDIC’s claims relate to RMBS purchased by Security Savings Bank and are brought under Sections 11 and 12(a)(2) of the Securities Act and Section 90.570 of the Nevada Securities Act. [read post]
5 May 2020, 8:00 am
There is a concern that banks might foreclose on mortgages. [read post]
16 Jun 2011, 6:38 am
They argued that Countrywide never transferred or assigned the note to MERS and MERS never assigned it to Bank of New York. [read post]
23 Sep 2011, 8:31 am
Some analysts have suggested that BoA may to bankrupt its Countrywide arm, which it may still be able to do. [read post]
11 Apr 2009, 7:10 am
CHRIS DODD’S COMEBACK SLOGAN: “BANKING FOR CHANGE! [read post]
