Search for: "Countrywide Financial Corporation"
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10 May 2010, 8:00 am
New York Pension Funds Settle Countrywide Financial Corporation Litigation For $624 Million Last week, the New York State Common Retirement Fund and the five New York City public pension funds announced a proposed settlement of the Countrywide Financial Corporation Securities Class Action for $624 million. [read post]
10 Nov 2008, 12:00 pm
On October 7, 2008, the United States District Court for the District of Delaware granted the defendants' motion to dismiss in In re Countrywide Financial Corporation Derivative Litigation, a consolidated shareholder derivative action alleging breach of fiduciary duty against certain of Countrywide's directors and officers arising out of Countrywide's involvement in the subprime lending crisis. [read post]
21 Feb 2008, 10:57 pm
As general counsel and litigation chief of embattled mortgage lender Countrywide Financial Corp., he's facing huge lawsuits on all fronts. [read post]
5 Jan 2012, 9:42 am
In the Countrywide case, details of the unscrupulous arrangement are buried deep (page 10 of the 17-page settlement) in the court document where Bank of America’s Countrywide Financial Corporation agrees to pay to resolve allegations that it discriminated against qualified black and Hispanic borrowers. [read post]
13 Nov 2008, 10:17 am
Mortgage lender Countrywide Financial Corporation has agreed to provide approximately $8 billion in home loan and foreclosure relief to as many as 397,000 homeowners across the country including more than 1,000 in Kansas, Attorney General Steve Six said Thursday. [read post]
24 Sep 2011, 8:30 am
Foster was concerned that the corporate culture at Countrywide was encouraging fraud and systemically covering up as much as possible. [read post]
5 Jan 2009, 9:05 am
In re Countrywide Financial Corporation Derivative Litigation, Case No. [read post]
6 Jan 2012, 5:42 am
PAYOLA POLITICS: DOJ Steers Countrywide Settlement Cash To Leftist Groups With Dem Ties. “The untold story of the Obama Administration’s widely reported, $335 million discrimination settlement with Countrywide Financial Corporation is that, under a secret Justice Department program, a chunk of the money won’t go to the ‘victims’ but rather leftist groups not connected to the lawsuit.” [read post]
15 Sep 2011, 12:11 pm
Bank of America holds not only mortgage notes that Bank of America made with its customers, but also mortgages made awhile back by Countrywide Financial Corporation because Bank of America took over all those Countrywide mortgages when Bank of America bought Countrywide back in 2008. [read post]
19 Jul 2012, 8:15 am
[JURIST] Bank of America (BOA) agreed Tuesday to pay $375 million in a settlement with bond insurer Syncora Guarantee [corporate websites; press release] over claims that Syncora was misled into insuring toxic mortgage-backed securities of BOA-owned Countrywide Financial Corporation [NYT backgrounder]. [read post]
16 May 2008, 3:44 pm
[JURIST] A federal judge ruled [PDF text] this week that a shareholder derivative lawsuit brought against the directors and officers of mortgage lender Countrywide Financial [corporate website] for misrepresenting its financial condition could proceed. [read post]
21 Sep 2011, 3:23 pm
Inverview from Bloomberg: Harvey Miller, a partner at Weil Gotshal & Manges LLP, discusses the prospects of that Bank of America Corp. may put its Countrywide Financial Corp. unit into bankruptcy. [read post]
24 Apr 2011, 11:48 am
[JURIST] A judge for the US District Court for the Central District of California [official website] on Friday dismissed [order, PDF] Bank of America (BOA) [corporate website] from a $17 billion lawsuit involving securities based on mortgages issued by Countrywide Financial Corporation [NYT backgrounder], a former subsidiary of the bank. [read post]
3 Sep 2013, 7:00 am
District Court for the Central District Court of California dismissed with prejudice a suit brought by the Federal Deposit Insurance Corporation (FDIC) against Countrywide Securities Corporation, Countrywide Financial Corporation, Bank of America Corporation, Deutsche Bank Securities, Inc. and Goldman, Sachs & Co. [read post]
24 Aug 2008, 11:53 pm
A press release issued today by Attorney General Carter begins:Indiana Attorney General Steve Carter has filed a lawsuit against the country's largest mortgage lender, Countrywide Home Loans, Inc., and its parent company, Countrywide Financial Corporation. [read post]
29 Jan 2008, 7:21 am
There are some late-breaking updates to a story in the current issue of The Pomerantz Monitor regarding the Godzila-sized "severance" package for Countrywide Financial Corporation's CEO Robert Mozilo. [read post]
5 Dec 2011, 7:47 pm
” The piece included interviews of former corporate officials at Countrywide and Citigroup, two of the financial companies alleged to have played a substantial role in creating the current financial crisis. [read post]
2 Nov 2007, 7:31 am
Countrywide Financial is the latest in our arsenal of examples for why such a retreat would be destructive to the financial markets. [read post]
16 Mar 2010, 10:21 am
Countrywide Financial Corporation, 585 F.3d. 753 (3rd Cir. 2009), the United States Court of Appeals for the 3rd Circuit held that homebuyers may pursue a class action claim that Countrywide Financial Corporation engaged in taking kickbacks in violation of Section 8(a) of the Real Estate Settlement Procedures Act (RESPA) by steering private mortgage insurance policy referrals to insurers who agreed to reinsure a portion of the policies with… [read post]
5 Jun 2009, 3:57 am
[JURIST] The US Securities and Exchange Commission (SEC) [official website] on Thursday charged [complaint, PDF] former Countrywide Financial Corporation officials with securities fraud arising from misleading investors. [read post]
