Search for: "Countrywide Financial Corporation"
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14 Jul 2008, 8:57 pm
A NYT article notes: With $32 billion in assets, IndyMac, a spinoff of the Countrywide Financial Corporation, was the biggest American lender to fail in more than two decades.In the spirit of 1960's bumper stickers --Don't worry, they're still 90 miles away--, the Times article notes:But time may be running out for some small and midsize lenders. [read post]
27 Jun 2008, 4:17 pm
The drama of Countywide Financial Corporation is now playing in the Superior Court of the State of California in and for the County of Los Angeles and the Circuit Court of Cook County, Illinois. [read post]
16 Jun 2008, 1:11 am
Senator Kent Conrad, Democrat of North Dakota, said Saturday that he would donate $10,500 to charity and refinance a property loan after suggestions that he and other prominent Washington figures received preferential treatment from Countrywide Financial Corporation. [read post]
30 May 2008, 7:22 am
Countrywide Financial (which posted a $704 million loss in ‘07 compared with a $2.7 billion profit in ‘06) slashed–slashed–the CEO’s total pay from $48.1 million to $10.8 million. [read post]
26 May 2008, 8:58 am
There have been some lawsuits where the target company’s outside auditors have been named as defendants (for example, refer here regarding the amended complaint in the Countrywide subprime litigation where the companies’ auditors have been named). [read post]
16 May 2008, 3:44 pm
[JURIST] A federal judge ruled [PDF text] this week that a shareholder derivative lawsuit brought against the directors and officers of mortgage lender Countrywide Financial [corporate website] for misrepresenting its financial condition could proceed. [read post]
14 May 2008, 6:52 pm
Countrwide Derivative Lawsuit to Proceed: According to a May 15, 2008 New York Times article (here), Judge Mariana Pfaelzer of the Federal District Court in Los Angeles has denied the defendants' motion to dismiss the shareholders' derivative lawsuit that has been filed against Countrywide Financial, as nominal defendant, and certain of its directors and officers. [read post]
8 May 2008, 7:53 am
In recent months, however, some mortgage services such as Calabasas, California based Countrywide Financial Corporation have come under intense scrutiny by the Department of Justice for foreclosing homes prematurely only to pile on unnecessary and costly fees on borrowers during bankruptcy proceedings. [read post]
4 Apr 2008, 7:18 am
The Notice of Examination, which the UST says was filed pursuant to Fed.R.Bankr.P. 2004(c) and 9016, indicates that the UST seeks to examine the “corporate representative” of Countrywide regarding “its bankruptcy procedures as they relate to the Debtors’ financial affairs, the administration of their estate, and the impact of Countrywide’s bankruptcy procedures on the integrity of the bankruptcy process in… [read post]
31 Mar 2008, 4:48 am
In re Countrywide Financial Corp. [read post]
24 Mar 2008, 1:18 pm
In addition to testimony from some experts on the state of the mortgage crisis and issues with executive pay (which was covered by Nell Minow of The Corporate Library), the hearing featured Angelo Mozilo from Countrywide, E. [read post]
23 Mar 2008, 8:31 pm
The rebuttal was filed in connection with the proposed acquisition by Legg Mason and various of its subsidiaries to acquire more than ten percent of Countrywide Financial Corporation's voting stock. [read post]
10 Mar 2008, 10:00 am
This apparently occurred at Countrywide. [read post]
10 Mar 2008, 1:50 am
[JURIST] The US Department of Justice and the Federal Bureau of Investigation (FBI) [official websites] have launched a criminal investigation into troubled mortgage lender Countrywide Financial [corporate website], according to a New York Times report Sunday. [read post]
21 Feb 2008, 10:57 pm
As general counsel and litigation chief of embattled mortgage lender Countrywide Financial Corp., he's facing huge lawsuits on all fronts. [read post]
19 Feb 2008, 6:00 am
There have been 72 campaigns waged by activists so far this year, as of Feb. 11, with targeted companies ranging from Countrywide Financial Corp. to New York Times Co. [read post]
7 Feb 2008, 6:05 am
[14] Ruth Simon, Subpoena Deepens Countrywide's Woes, WALL ST. [read post]
29 Jan 2008, 7:21 am
There are some late-breaking updates to a story in the current issue of The Pomerantz Monitor regarding the Godzila-sized "severance" package for Countrywide Financial Corporation's CEO Robert Mozilo. [read post]
27 Jan 2008, 10:23 pm
Housing Wire's Paul Jackson ended a post last Friday about the expansion of New York City's class action lawsuit Countrywide Financial Corporation and others with the words "It's pretty clear that the biggest winners out of current market turmoil are the lawyers. [read post]
24 Jan 2008, 1:56 pm
• Countrywide Financial Corp. [read post]
