Search for: "Countrywide Bank/Bank of America" Results 21 - 40 of 630
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13 Feb 2012, 4:49 pm
Bank of America's fraudulent lending practices centered on a scheme in which Bank of America, through Countrywide (which Bank of America acquired in 2008), knowingly made loans insured by the Federal Housing Administration (FHA) to unqualified home buyers. [read post]
24 Aug 2011, 8:45 am by guest-writer
If these laws apply, Bank of America may not need bankruptcy for Countrywide. [read post]
15 Apr 2011, 6:25 pm by By BEN PROTESS
The 37 percent decline in Bank of America's earnings reflects the persistent burden of Countrywide Financial, the subprime mortgage lender it bought in 2008. [read post]
24 Apr 2011, 11:48 am
[JURIST] A judge for the US District Court for the Central District of California [official website] on Friday dismissed [order, PDF] Bank of America (BOA) [corporate website] from a $17 billion lawsuit involving securities based on mortgages issued by Countrywide Financial Corporation [NYT backgrounder], a former subsidiary of the bank. [read post]
25 Nov 2010, 6:42 am
Problems with Countrywide Financial mortgage documents could spell trouble for Bank of America as foreclosure defense lawyers in Miami and elsewhere continue to question the practices of banks and their attorneys, Raw Story reported. [read post]
14 Jan 2011, 5:15 am
" Another day, another company going after Bank of America for the actions of Countrywide in creating mortgage backed securities. [read post]
29 Sep 2011, 6:16 am
Bank of America was fined yet again, when it was found liable for the firing of an employee responsible for discovering fraud at Countrywide. [read post]
7 Jun 2010, 10:45 am
[JURIST] Bank of America (BOA) [official website] subsidiary Countrywide Home Loans, Inc. on Monday reached a $108 million settlement agreement [text, PDF] with the Federal Trade Commission (FTC) [official website] to resolve charges that the subsidiary collected excessive fees from homeowners facing foreclosure. [read post]
19 Jul 2012, 8:15 am by Dan Taglioli
[JURIST] Bank of America (BOA) agreed Tuesday to pay $375 million in a settlement with bond insurer Syncora Guarantee [corporate websites; press release] over claims that Syncora was misled into insuring toxic mortgage-backed securities of BOA-owned Countrywide Financial Corporation [NYT backgrounder]. [read post]
28 Sep 2011, 12:33 pm
A Bank of America employee will collect $930,000 from his former employer, Bank of America, for being fired in violation of the whistleblower protections. [read post]
20 Oct 2011, 12:59 pm by eithurburn@getnicklaw.com
The California Attorney General’s office issued subpoenas to Bank of America and Countrywide Financial, a subsidiary Bank of America acquired in 2008. [read post]
26 Jan 2007, 1:57 pm
Bank of America and Countrywide Financial have held discussions about an “alliance” that could eventually lead to an acquisition of Countrywide by Bank of America, The Financial Times reported Friday afternoon, citing unnamed sources. [read post]
22 Dec 2011, 6:20 am by Jaclyn Belczyk
[JURIST] The US Department of Justice (DOJ) [official website] announced Wednesday that Bank of America (BOA) [corporate website] has agreed to pay a record $335 million [press release] to settle claims that its subsidiary, Countrywide Financial, discriminated against Hispanic and African-American home buyers. [read post]
3 Mar 2009, 2:35 pm
Standard & Poor's cut its credit rating on Bank of America to A from A+ on Tuesday afternoon, citing the weak economy and warning that its Merrill Lynch and Countrywide Financial units were likely to continue to weigh on the bank's earnings. [read post]