Search for: "Countrywide Bank/Bank of America"
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25 Aug 2011, 10:37 pm
In Bank of America v. [read post]
28 Dec 2011, 1:43 pm
Bank of America acquired Countrywide in 2008. [read post]
30 Jun 2010, 5:34 pm
Bank of America claims that the program will eventually reach 45,000 struggling homeowners. [read post]
13 Jan 2011, 5:30 am
Bank of America will pay $3 billion to cover the bad mortgages, most of which were purchased by Fannie and Freddie from Countrywide Financial. [read post]
25 Sep 2013, 5:55 am
The trial against Bank of America Corp's Countrywide unit has begun and the prosecutor has stated that the company placed profits over quality in a "massive fraud" selling shoddy mortgages to Fannie Mae and Freddie Mac.The claim came at the start of the first case by the government to go to trial against a major bank over defective mortgage practices leading up to the 2008 financial crisis. [read post]
11 Jan 2008, 4:33 am
Bank of America said early Friday it would buy Countrywide Financial, the troubled lender that became a symbol of the excesses that led to the subprime mortgage crisis, in an all-stock deal valued at $4 billion. [read post]
21 Aug 2014, 9:45 am
[JURIST] The US Department of Justice (DOJ) [official website] on Thursday announced a $16.65 billion settlement [press release] with Bank of America (BOA) [corporate website] to settle claims that it sold precarious mortgage-backed securities to investors. [read post]
11 Jan 2008, 9:41 am
Bank of America agrees to acquire Countrywide Financial for $4B in stock NEW YORK (Thomson Financial) - Bank of America Corp. [read post]
14 Jan 2009, 10:52 pm
Bank of America May Receive More Bailout Money Posted in Company News, Financial News Tagged: Bank of America, banking crisis, Linkedin [read post]
8 Feb 2011, 5:15 am
The issues for Bank of America stem from loans originated by Countrywide which Bank of America purchased in 2008. [read post]
29 May 2009, 9:29 am
Bank of America bought Countrywide in 2008. [read post]
16 Sep 2011, 10:58 am
Bank of America was ordered to reinstate a whistleblower it fired after its merger with Countrywide Financial Corp. in 2008, as well as pay $930,000 in back wages, interest, compensatory damages, and attorney’s fees. [read post]
16 Mar 2011, 8:00 pm
After swallowing Countrywide, Bank of America is America's biggest lender with 13.9 million mortgages. [read post]
12 Jan 2015, 7:45 am
In what is being considered a record, landmark case, a former bank executive at Countrywide Financial (now owned by Bank of America Corporation) was awarded $57 million for exposing the presence of fraud in the company’s mortgage practices. [read post]
31 May 2016, 1:54 pm
On May 23, 2016, a three-judge panel of the Second Circuit Court of Appeals overturned a judgment of fraud against Bank of America, Countrywide, and former Countrywide executive Rebecca Mairone in U.S. v Countrywide Home Loans, Inc. [read post]
24 Sep 2011, 1:21 pm
The news just keeps getting worse for Bank of America and its purchase of Countrywide in 2008. [read post]
30 Jun 2011, 1:18 am
Moynihan is putting to rest the Countrywide issues he inherited, and is poised to put Bank of America on a new course, Reuters Breakingviews writes. [read post]
2 Apr 2012, 6:15 am
The $25 billion settlement resolves claims that Bank of America's Countrywide Financial subsidiaries defrauded the Federal Housing Administration (FHA) by inflating appraisals used for government-insured home loans, as well as claims involving the Home Affordable Modification Program or HAMP. [read post]
14 Jan 2008, 4:36 am
Lewis has gambled on bold acquisitions to build Bank of America into the nation's largest bank. [read post]
23 Jul 2012, 12:33 pm
Syncora filed suit against Bank of America in 2009, alleging that Countrywide Financial misrepresented the quality of mortgages underlying securities that Syncora insured. [read post]
