Search for: "Countrywide Bank"
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17 Jun 2011, 6:40 am
Nixon, eventually asked the Justice Department to compel the bank to help. [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]
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]
12 Jun 2011, 3:10 pm
Private banks like Morgan Stanley and Goldman Sachs and Countrywide bought mortgages, securitized them, and sold interests in them (these firms also bought mortgage-backed securities created by other financial firms)—a sequence wholly separate from the activities of Fannie and Freddie. [read post]
10 Jun 2011, 12:49 pm
You would probably notify the bank and the authorities so the cards are canceled immediately and your name is absolved of any debt. [read post]
9 Jun 2011, 7:25 am
In 104 of those cases, the loan was originally made by Countrywide, with the other 26 made by other banks and sold to Countrywide for securitization. [read post]
8 Jun 2011, 4:50 pm
Countrywide was supposed to pay homeowners something like $8 billion like two years ago and I haven’t heard anything about those checks going out either. [read post]
7 Jun 2011, 12:07 pm
Since this is about Bank of America, which recently purchased the troubled Countrywide Home Loans, the resolution is not that simple. [read post]
5 Jun 2011, 9:16 pm
Countrywide political loan scandal (and contribution to the subprime mortgage crisis): Politicians and big businesses need each other. [read post]
5 Jun 2011, 6:45 pm
In 104 of those cases, the loan was originally made by Countrywide; the other 26 were made by other banks and sold to Countrywide for securitization. [read post]
4 Jun 2011, 7:30 pm
Bank of America has agreed to a $20 million settlement for wrongfully foreclosing on 160 service members without checking on their military status. [read post]
2 Jun 2011, 6:05 pm
The New York Times reported that the Justice Department had sued and immediately settled with Saxon Mortgage Services, a subsidiary of Morgan Stanley, and a Bank of America unit that was once Countrywide Home Loans Servicing. [read post]
2 Jun 2011, 6:28 am
In one case, Kinney admitted to her leadership role in a $40 million mortgage fraud involving Countrywide Home Loans, and in the second case, she admitted to committing bankruptcy fraud, bank fraud, and mail fraud. [read post]
1 Jun 2011, 4:37 pm
There is more to this crime than someone taking money out of your bank account, in fact that rarely happens. [read post]
1 Jun 2011, 7:29 am
Bank of America, which was affiliated with Countrywide Financial, agreed to pay $20 million to resolve claims against it for foreclosing on the homes of servicemembers without a court order. [read post]
30 May 2011, 9:20 pm
The Justice Department suspected Countrywide foreclosed on 160 servicemen. [read post]
25 May 2011, 7:16 am
Readers may remember the case of Countrywide Financial Corp., now a unit of Bank of America, which became an early casualty of the housing crisis because it handed out loans to many borrowers it knew couldn't pay, then securitized the loans to pass on the risk to investors. [read post]
20 May 2011, 1:56 am
The Luther complaint names as defendants several Countrywide subsidiaries and affiliated individuals, multiple loan trusts, and Countrywide’s offering underwriters. [read post]
17 May 2011, 5:42 am
Insiders Include: Former Vice-President and General Counsel for Saxon Mortgage (now Morgan Stanley) (Dick Shepherd); Former Assistant General Counsel at Ocwen Financial Corporation and Department Manager of a major plaintiff’s foreclosure firm (Margery Golant); Former Managing Director and General Counsel for ACA Capital Holdings and CIFG Group and Deputy General Counsel at FitchRatings (Kathleen Cully) Former Vice President at New Century Mortgage in charge of document production and imaging… [read post]
13 May 2011, 11:17 pm
One, against Bank of America/Countrywide, which if you click that blue type you’ll see I had fun writing about, and another I haven’t covered yet JPMorgan Chase, are both moving forward in the courts, and personally… I cannot wait. [read post]
