Search for: "Countrywide Bank"
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6 Jul 2011, 10:11 pm
Allstate has already sued several other brokerage firms for MBS fraud including: • Merrill Lynch (a Bank of America unit) • Countrywide (also a Bank of America units) • Citigroup Inc. [read post]
17 Jun 2009, 7:43 pm
Kevin LaCroix on his highly regarded blog, The D & O Diary, here, provides a current example and analysis regarding the former CEO of Countrywide, who is presumably entitled to advancement by Bank of America, the new owner of Countrywide, contrary to what the average person not well-versed on the topic might initially think based on the mass media's insinuations of the… [read post]
18 Dec 2009, 6:54 am
Lousy Labaton postponed all benefits until 2010 in order to avoid paying their employees for Christmas.You can imagine what this has done for morale in a situation where they expect their short-term attorneys to build a plaintiff’s case in a multi million-dollar lawsuit against Countrywide, which was acquired by Bank of America. [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]
22 Aug 2010, 7:42 pm
As Francine points out, Countrywide may very well have saved itself (actually, saved its acquirer, Bank of America) a load of cash by being acquired rather than having been wrung through the bankruptcy wringer where all the dirty laundry is hung out for everyone to see. [read post]
7 Jul 2011, 7:00 am
Bank of America acquired a portfolio of 550,000 option ARMs from its purchase of Countrywide Financial in 2008. [read post]
28 Feb 2011, 8:16 am
Most of the fraudulent actions at Countrywide took place at [read post]
21 Mar 2015, 11:00 am
Bank of N.Y. [read post]
28 Apr 2012, 8:50 pm
(C), and Bank of America Corp.'s (BAC) Countrywide. [read post]
9 Dec 2009, 12:20 pm
Countrywide (Case No. [read post]
2 Mar 2009, 7:45 am
This ruling came weeks after Merrill Lynch reportedly settled a related securities fraud class action for $475 million.Similar to the Delaware federal court's ruling in the shareholder derivative action against Countrywide's former directors and officers (see previous discussion here), the Southern District, interpreting Delaware law, held that the shareholder plaintiffs lost standing to pursue a derivative action against Merrill Lynch's directors and officers… [read post]
4 Oct 2011, 3:37 am
Countrywide confidence in property remains strong. [read post]
12 Oct 2008, 1:47 pm
" The only winners, if there are any, are the large commercial banks such as JPMorgan Chase and Bank of America. [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]
29 Nov 2016, 7:05 pm
In 2009, a newly created bank called OneWest Bank, funded in part by Mnuchin’s hedge fund company, bought the failed bank IndyMac (a spinoff from troubled Countrywide Home Loans) from the government. [read post]
5 Apr 2009, 1:26 pm
In September 2008, the government takeover of mortgage giants Fannie Mae and Freddie Mac was followed by the collapse of Lehman Brothers, the acquisition of Merrill Lynch by Bank of America and an $85 billion (and now $170 billion) government investment in American International Group. [read post]
29 Jan 2012, 7:51 pm
The AG claims that such restrictions are impeding the AG's investigation into potential wrongdoing by BofA in connection with its servicing practices, including potential violations of a 2009 settlement agreement over charges that Countrywide (purchased by Bank of America) defrauded borrowers. [read post]
15 Mar 2012, 10:20 am
The largest of these civil fraud cases to date involved Bank of America Corp. and Countrywide Financial Corp., the Calabasas company B of A acquired in 2008. [read post]
4 Aug 2011, 3:04 pm
Countrywide Home Loans, Inc., No. [read post]
16 Dec 2008, 2:01 am
However, in July 2008, Bank of America acquired Countrywide in a stock for stock merger. [read post]
