Search for: "Countrywide Bank" Results 281 - 300 of 1,079
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29 Dec 2011, 4:53 pm
This post reviews the Department of Justice investigation into the lending practices of the nation's largest residential loan originator, Bank of America's Countrywide. [read post]
26 Jul 2011, 6:22 am
The Bank's mortgage woes largely stem from the its acquisition of underwriter Countrywide Financial [read post]
1 Sep 2011, 11:10 am
Bank of America has had to fend off lawsuits filed against Countrywide, which the bank paid $2.5 billion for three years ago. [read post]
2 Apr 2012, 6:15 am
The $25 billion settlement resolves claims that Bank of America's Countrywide Financial subsidiaries defrauded the Federal Housing Administration (FHA) by inflating appraisals used for government-insured home loans, as well as claims involving the Home Affordable Modification Program or HAMP. [read post]
15 Sep 2008, 3:01 am
The boards of the two companies approved the deal Sunday evening, according to people familiar with the matter.Driven by Chief Executive Kenneth Lewis, Bank of America has already made dozens of acquisitions large and small, including the purchase of ailing mortgage lender Countrywide Financial Corp. earlier this year. [read post]
16 Nov 2011, 8:47 am by guest-writer
As of now, though, Bank of America has opted to avoid a Countrywide bankruptcy filing. [read post]
11 Sep 2011, 12:48 pm
The lawsuit alleges that Bank of America, and the mortgage giant Countrywide that it acquired in 2008, deceived homeowners at nearly every stage. [read post]
23 Jun 2008, 1:57 pm
SUBPRIME SIX UPDATE: "Some journalists and Republican lawmakers are asking if Countrywide bought a bailout bill with its VIP loans to Dodd, who is chairman of the Senate Banking Committee. [read post]
28 Feb 2011, 11:08 am by G&A
Darrell Issa requested a subpoena be issued to Bank of America, which bought Countrywide in 2008, regarding the "Friends of Angelo" program that offered preferential loan terms to lawmakers and government officials, allegedly in exchange for political favors. [read post]
14 May 2013, 5:00 am by Melissa Anderson
Countrywide Financial Corporation, civil division prosecutors argued that Bank of America and Countrywide’s allegedly fraudulent sale of mortgage-backed securities to Fannie Mae and Freddie Mac “affected” themselves by exposing the banks to risk of loss due to repurchase requirements. [read post]
3 Nov 2011, 7:28 pm
All defendants but Countrywide were dismissed, and the federal court denied their motion to add Dilk's employer and Bank of America. [read post]
31 Aug 2011, 2:40 pm
U.S Bank has filed a lawsuit against Bank of America to force a buyback of up to $1.75 billion of mortgages that it claims did not conform to the representations made by Countrywide. [read post]
11 Apr 2023, 5:59 pm by Sabrina I. Pacifici
(The aggregate figures don’t include investment banks such as Bear Stearns and Lehman Brothers, which weren’t federally insured, nor banks that were sold under pressure but didn’t technically fail, such as Countrywide Financial and Wachovia.) [read post]
12 Jan 2012, 6:08 pm
Bank of America, which purchased Countrywide after it failed, has agreed to several legal settlements of claims based on this kind of illegal behavior. [read post]
6 Mar 2009, 10:24 am
A compressed portrayal of US failures evident in the current crisis may arise from the following list of representations: (A) firms: Countrywide, Fannie Mae, AIG, Citigroup, Moody's, Lehman Brothers, General Motors; (B) industries: mortgage origination, mortgage finance, insurance, commercial banking, rating agencies, investment banking, automobile manufacturing and finance; (C) regulators: state mortgage, insurance and banking overseers; Federal Housing… [read post]
8 Mar 2012, 12:21 pm by eithurburn@getnicklaw.com
  According to the complaint, Countrywide Financial, a Bank of America subsidiary, engaged in fraudulent activities in order to prevent customers from becoming eligible for Home Affordable Modification Program, a federal program that assists homeowners facing foreclosure. [read post]
12 Jan 2015, 12:15 pm by Darren S. Teshima
On December 23, the United States Court of Appeals for the Second Circuit dismissed claims against Bank of New York Mellon, as trustee, by four pension funds in a putative class action relating to 530 Countrywide RMBS trusts worth $424 billion. [read post]
1 Apr 2012, 6:13 am
For those of you who are not familiar with her, she is the Countrywide Home Loan Executive Vice President hired onto Bank of America after their 2009 merger with Countrywide. [read post]