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10 Mar 2017, 12:00 pm by Brill Legal Group
Mozilo, a co-founder of Countrywide Financial, which was one of the largest originators of subprime mortgages in the time leading up to the financial crisis. [read post]
5 Aug 2011, 5:52 am by Securites Lawprof
The New York AG has challenged a proposed $8.5 billion settlement between the Bank of New York Mellon and the Bank of America over troubled loan pools issued by Countrywide (acquired by BofA). [read post]
24 Aug 2010, 3:02 pm by Securites Lawprof
The SEC has already charged Angelo Mozilo, the former CEO of Countrywide, with fraud and insider trading. [read post]
18 May 2009, 4:41 am
Lewis and the head of Countrywide Financial, which BofA acquired last year, knew that the insurer was in dire financial straits at the time of the sale. [read post]
30 Jun 2011, 4:38 am by Securites Lawprof
Bank of America announced it reached agreement to settle nearly all of the claims related to Countrywide-issued first-lien residential mortgage-backed securities, representing 530 trusts with an original principal of $424 billion. [read post]
5 Jun 2009, 6:08 am
On June 4, 2009, the SEC announced the filing of securities fraud charges against former Countrywide Financial CEO Angelo Mozilo, former chief operating officer and president David Sambol, and former chief financial officer Eric Sieracki. [read post]
8 Jan 2008, 10:19 am
Countrywide Financial Corporation, formerly one of the nation's biggest subprime lenders, has admitted to fabricating documents in a Pennsylvania woman's bankruptcy case. [read post]
25 Nov 2010, 6:42 am
An estimated 96 percent of Countrywide mortgages were packaged and sold as securities, apparently improperly. [read post]
18 May 2009, 6:33 am
According to the newspaper, the lawsuit alleges that LandSafe employed appraisers who were willing to inflate the values of homes to Countrywide's specifications. [read post]
4 Sep 2010, 3:48 pm
If you are facing a Florida Foreclosure Lawsuit and your original mortgage was with Countrywide or where Countrywide is the plaintiff, contact a Florida Foreclosure Lawyer to see what defenses may be available to you. [read post]
25 Feb 2009, 2:58 pm
Lewis, said Wednesday that Merrill Lynch and Countrywide Financial had been "stars" so far this year, despite criticism from analysts over those recent acquisitions. [read post]
14 Jan 2008, 4:36 am
Lewis's bets match the one he placed on Friday, when Bank of America announced it was buying Countrywide Financial, the mortgage giant brought to its knees by the weakening housing market and its own [...] [read post]