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13 Jul 2012, 8:49 am
Time Running Out on Countrywide Repurchase Claims Countrywide Home Loans, having been located inCalifornia during the housing boom, required that its mortgage purchase contracts with its correspondents be governed by California law. [read post]
13 Jul 2012, 1:00 am
As detailed here, the plaintiffs alleged that the bank had misrepresented its reliance (and the reliance of Countrywide Mortgage, a company Bank of American purchased at the outset of the financial crisis) on the Mortgage Electronic Registration System (MERS), a computerized system for tracking mortgages that tried to eliminate the need for mortgage originators to physically record mortgages. [read post]
12 Jul 2012, 11:54 pm
I, for one, do not enjoy being lumped in with corrupt Goldman Sachs muni bond underwriters, AIG con men, or Countrywide mortgage document forgers. [read post]
12 Jul 2012, 7:36 pm
Bank of America has said it could face an additional $5 billion in possible losses, and scores of lawsuits seeking to pin Countrywide's liabilities on Bank of America are pending in courtrooms around the U.S. [read post]
12 Jul 2012, 12:08 pm
" While the penalty against Well Fargo is hefty, it's only a little more than half of the amount paid by Bank of America Corp. in December 2011, when it shelled out $335 million to resolve fair lending charges against its Countrywide Financial unit. [read post]
12 Jul 2012, 6:57 am
Countrywide Fin. [read post]
10 Jul 2012, 4:27 pm
He didn’t invest in Countrywide. [read post]
10 Jul 2012, 2:07 pm
Countrywide Financial Corp., 585 F. 3d 753, 755 (3rd Cir. 2009). [read post]
7 Jul 2012, 11:58 am
Countrywide Home Loans, Inc., No. 8046, 650497/11, 2012 slip op. 0521 (N.Y. [read post]
3 Jul 2012, 7:26 am
Countrywide’s brand had long since lost all its value, but Bank of America’s brand is a huge asset. [read post]
2 Jul 2012, 2:55 pm
It’s evident that Bank of America did miserable diligence on Countrywide, otherwise it wouldn’t have bought all these problems. [read post]
26 Jun 2012, 4:15 pm
Countrywide Home Loans, Inc., No. 605825/2008 (Sup. [read post]
26 Jun 2012, 11:51 am
The IRS is aware that some U.S. taxpayers living abroad have failed to timely file U.S. federal income tax returns or Reports of Foreign Bank and Financial Accounts (FBARs). [read post]
22 Jun 2012, 11:29 am
The Case of Kyle Lagow: Example 2 Consider Kyle Lagow, an appraisal manager for Countrywide, the infamous mortgage subsidiary of Bank of America. [read post]
21 Jun 2012, 6:26 am
Bank of America’s purchase of subprime lender Countrywide Financial in 2008 has exposed it to a particularly substantial number of buy-back demands. [read post]
19 Jun 2012, 3:42 pm
This settlement comes on the heels of a settlement last December by Countrywide Financial Corp. and subsidiaries for $335 million for similar loans made between 2004 and 2008. [read post]
13 Jun 2012, 7:24 am
The Case of Kyle Lagow: Example 2 Consider Kyle Lagow, an appraisal manager for Countrywide, the infamous mortgage subsidiary of Bank of America. [read post]
9 Jun 2012, 7:29 pm
First Derivative Traders Prescott Valley loses motion to dismiss investor lawsuit against events center, The Daily Courier, October 26, 2011 More Blog Posts: Bank of America and Countrywide Financial Sued by Allstate over $700M in Bad Mortgaged-Backed Securities, Stockbroker Fraud Blog, December 20, 2010 Morgan Stanley Sued by MetLife for Securities Fraud Over $757 Million in Residential Mortgage-Backed Securities, Institutional Investor Securities Fraud, April 28, 2012 Not… [read post]
6 Jun 2012, 6:58 am
California is a non-judicial foreclosure state, so there is no judge involved to whom the homeowner could explain why Bank of America, Countrywide’s purchaser, has no right in law to initiate a foreclosure. [read post]
30 May 2012, 9:38 pm
IndyMac is now OneWest bank. [read post]
