Search for: "Countrywide Bank"
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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]
10 Oct 2008, 12:58 pm
Washington Mutual, Freddie Mac, Wachovia, Bear Stearns, Countrywide and Merrill Lynch have been or are in the process of being acquired by big banks, strong enough to make the acquisition. [2] In this article, I will discuss the most recent acquisitions, Washington Mutual and Wachovia Corp., and analyze the benefits of this acquisition to the banking industry as well as the costs to consumers.II. [read post]
8 Oct 2008, 12:50 pm
Bank of America had acquired the Countrywide loan portfolio and, thereby, also acquired the task of defending the suites brought by various Attorneys General against Countrywide. [read post]
7 Oct 2008, 12:06 pm
Bank of America, citing "recessionary conditions," halved its dividend on Monday and said it would sell at least $10 billion in new common stock to bolster its capital to offset rising loan losses. he largest U.S. bank, which has worried some investors over the past year with big ticket takeovers of mortgage lender Countrywide Financial and [...] [read post]
7 Oct 2008, 1:38 am
" In other consumer news in today's issue, the Times reports "Countrywide to Set Aside $8.4 Billion in Loan Aid. [read post]
6 Oct 2008, 8:43 pm
(now part of Bank of America) alleging that Countywide made fraudulent misrepresentations about is loan underwriting standards in connection with the securitization of over $14 billion of securities for which MBIA provided default insurance and that were backed by mortgages and home equity loans that Countrywide originated. [read post]
6 Oct 2008, 7:44 pm
Over the weekend, IL Attorney General Lisa Madigan and other state AGs announced an $8.8 billion, multi-state lawsuit settlement with Countrywide Financial (now controlled by Bank of America). [read post]
6 Oct 2008, 11:53 am
-based Bank of America said Monday it will modify troubled mortgages with up to $8.4 billion in interest rate and principal reductions for nearly 400,000 customers of Countrywide, the troubled mortgage lender it acquired last summer. [read post]
6 Oct 2008, 6:09 am
Bank of America has agreed to settle a deceptive mortgage practices lawsuit on behalf of its relatively new subsidiary, Countrywide Financial, the notoriously aggressive mortgage lender. [read post]
6 Oct 2008, 2:22 am
[JURIST] Officials for Bank of America [corporate website] announced Monday that they have agreed to an $8.4 billion settlement [press release] in response to allegations by 11 state attorneys general that subsidiary Countrywide Financial [corporate website] engaged in deceptive business practices that harmed consumers. [read post]
30 Sep 2008, 2:34 pm
Countrywide C. [read post]
30 Sep 2008, 10:47 am
Countrywide Home Loans, 07cv8165, 2008 U.S. [read post]
28 Sep 2008, 11:18 pm
Pictures of Barney Frank and Chris "the senator from Countrywide" Dodd. [read post]
28 Sep 2008, 4:17 pm
Bank of America isn't doing badly either; it got Countrywide and Merrill Lynch for not very much. [read post]
26 Sep 2008, 6:04 pm
Countrywide, Merrill Lynch, AIG, Fannie Mae, Freddie Mac, Lehman Brothers and now Washington Mutual. [read post]
26 Sep 2008, 1:53 pm
Fast forward to earlier this year when WaMu, Countrywide and IndyMac all filed their 10Ks late on a Friday. [read post]
25 Sep 2008, 5:22 pm
Countrywide and Washington Mutual are strictly commercial banks. [read post]
24 Sep 2008, 4:01 pm
Since Bank of America--a loyal client of O'Mel Âveny's litigation department--took over Countrywide earlier this year, O'Melveny has already begun to pick up extra work generated by the beleaguered mortgage company. [read post]
24 Sep 2008, 8:59 am
The Associated Press reports that Fannie Mae, Freddie Mac, Lehman Brothers Holdings, AIG and Countrywide Financial (recently bought by Bank of America) are five of them. [read post]
23 Sep 2008, 10:52 pm
The agency had already been looking into allegations concerning Lehman and AIG.People familiar with the matter said that other companies under FBI investigation include IndyMac Bancorp Inc. and Countrywide Financial Corp., which has since been bought by Bank of America Corp.FBI Director Robert Mueller, testifying in Congress last week, pledged to ``pursue these cases as far up the corporate chain as necessary to ensure those responsible receive the justice they… [read post]
