Search for: "Countrywide Bank"
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22 Apr 2009, 5:01 pm
We hope this change leads the way for other banks to revise their own policies. [read post]
11 Apr 2009, 7:55 am
But Dodd’s troubles of late — an unsettling relationship with Countrywide Financial Corp., a part in the American International Group bonuses saga, and status as a long-term member of the Senate Banking Committee during an era of abuse and meltdown — have caused his approval rating with constituents to sink to a drastically low 33 percent, according to a Quinnipiac University poll released earlier this month. [read post]
11 Apr 2009, 7:10 am
CHRIS DODD’S COMEBACK SLOGAN: “BANKING FOR CHANGE! [read post]
10 Apr 2009, 7:36 am
.), chairman of the Senate Banking Committee, got two sweetheart, low-rate mortgages from Countrywide Financial Corp. for his home in Connecticut and condo in Washington. . . . [read post]
10 Apr 2009, 4:54 am
Buoyed by the five-term Democrat's misadventures with his two Countrywide "VIP" mortgages and an amendment that let American International Group hand out big bonuses, Dodd's Republican opponents have taken to citing his personal role in busting up the New Deal barrier between commercial banks and investment banks, securities firms, and insurance companies. . . . [read post]
7 Apr 2009, 5:53 am
Phone: 800-347-7272 These numbers and the identities of the banks and mortgage companies are changing every day. [read post]
6 Apr 2009, 7:38 am
The powerful Senate Banking Committee chairman got a sweetheart mortgage from Countrywide; he has received $280,000 in campaign contributions from troubled insurer AIG; and he made sure that AIG executive bonuses were untouched by Congress — then claimed for 24 hours that he knew nothing about it, before reporters forced him to admit the truth. [read post]
6 Apr 2009, 7:09 am
Senate Banking Chairman Chris Dodd received special treatment from Countrywide on his mortgage, Obama Chief of Staff Rahm Emmanuel received about $300,000 for very little work at Freddie Mac, former Clinton OMB Director Franklin Raines reaped about $90 million from [Fannie Mae] by inflating profits — and the list goes on. [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]
3 Apr 2009, 4:43 am
A Delaware judge rejected Bank of America's effort to settle a shareholder lawsuit over its 2008 purchase of mortgage lender Countrywide Financial, saying the settlement would wrongly scuttle potential fraud claims, Reuters reported. [read post]
2 Apr 2009, 7:19 pm
KPMG still audits Citibank and was the auditor of Countrywide. [read post]
1 Apr 2009, 11:50 pm
After the January 11, 2008, announcement of Countrywide’s proposed merger with Bank of America Corporation (“BOA”), Countrywide stockholders brought an action seeking to enjoin the merger, alleging breach of fiduciary duties by the individual director-defendants of Countrywide and aiding and abetting charges against BOA. [read post]
1 Apr 2009, 4:25 am
But Dodd’s re-election has been rated a toss-up by nonpartisan handicappers because of a string of controversies: as chairman of the Senate Banking Committee, Dodd has been caught up in the fury surrounding bonuses for AIG executives; he received favorable treatment on two mortgages from Countrywide Financial; he got an eyebrow-raising deal on a house in Ireland; and, most galling to Simmons, he moved his family to Iowa in 2007 in furtherance of his presidential… [read post]
26 Mar 2009, 1:18 pm
And Countrywide, based in Calabasas, California, sold these loans for a nice profit to investment banks like Merrill, which in turn bundled and sold them as CDOs. [read post]
24 Mar 2009, 5:52 am
Countrywide’s CEO Angelo Mozilo granted sweetheart mortgages to a number of influential lawmakers including Connecticut Democrat Chris Dodd, who is chairman of the Senate Banking Committee, and Democratic Senator Kent Conrad of North Dakota. [read post]
23 Mar 2009, 5:13 pm
"Since 2007, Bank of America has acquired Countrywide, Merrill Lynch, ABN AMRO North America, and La Salle Bank. [read post]
23 Mar 2009, 4:30 am
Dodd, chairman of the Senate Banking Committee, is already in hot water because he accepted low-interest personal mortgages from Countrywide, the lender that later went bust. [read post]
22 Mar 2009, 8:58 pm
Countrywide, once the country’s largest mortgage lender, was sold last year to Bank of America as its subprime mortgage portfolio began to collapse. [read post]
21 Mar 2009, 3:01 pm
(part of Bank of New York Mellon Corp.) , a trustee for the mortgage-backed securities issued by Countrywide was also named as a defendant. [read post]
21 Mar 2009, 5:47 am
Christopher Dodd, the powerful chairman of the Senate banking committee, according to an internal Countrywide document turned over to congressional investigators and obtained by The Courant. [read post]
