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A collection of news and information related to Countrywide Financial Corp. published by Tribune Company sources.
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Sale of Ed McMahon's home falls through
Bloomberg NewsEd McMahon's home near Beverly Hills, Calif., is back on the market after a $4.6 million deal for the former "Tonight Show" sidekick's estate fell through. The buyer didn't meet a condition and the 7,013-square-foot Mediterranean-style estate with six...Tags: Beverly Hills, Homes, Donald Trump, Ed McMahon
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Trump steps in to rescue Ed McMahon from foreclosure
ellen.yan@newsday.comDonald Trump is back in the game to rescue Ed McMahon from foreclosure after an anonymous bidder who popped up last month dropped out, the billionaire developer's attorney said Friday. "The anonymous buyer refused to put down his nonrefundable deposit...Tags: Beverly Hills, Real Estate Buyers, Real Estate Agents, Donald Trump, Johnny Carson
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What they made
Of The Morning CallYou probably won't hear John P. Jones III whining about the high price of gas or heating oil. The Air Products chief executive officer who retired last year raked in a pay package worth more than $13 million in 2007, making him the first Lehigh Valley...Tags: Forks Township, Air Products and Chemicals, Inc., Knoll Incorporated, Corporate Officers, Economy
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FBI saw threat of mortgage crisis
Los Angeles Times Staff WriterLong before the mortgage crisis began rocking Main Street and Wall Street, a top FBI official made a chilling, if little-noticed, prediction: The booming mortgage business, fueled by low interest rates and soaring home values, was starting to attract...Tags: New Century Financial Corporation, Interior Policy, Bank of America Corp., Mortgages, Defense
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Too big to fail? We'll see about that
MARKET BEATThe mess in the U.S. financial system is making me nostalgic for the dot-com collapse of 2000-2002. That, too, was a cataclysmic bursting of an insane market bubble. But, as we are painfully learning, it's one thing for the economy to lose Pets.com...Tags: Stock Broking, Henry M. Paulson, Mortgages, Loans, Ben Bernanke
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Declines in equity strain many ARMs
Even David Copperfield couldn't make home equity vanish—poof!—like it has for many holders of option-ARM mortgages. According to filings by Countrywide Financial Corp., as of June 30, the typical holder of such a loan owed—that's...Tags: Bank of America Corp., Mortgages, Freddie Mac, Wachovia Corp., Banking
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Many South Florida owners taking losses to sell homes
South Florida Sun-SentinelSouth Florida is seeing a big jump in the number of homeowners who are selling their properties for less than they paid, highlighting the magnitude of the region's historic housing slump. During the first half of this year, 23 percent of sellers in...Tags: Royal Palm Beach, Condos, Palm Beach (Palm Beach, Florida), Parkland, Bank of America Corp.
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Trump has competition for McMahon's home
The listing agent for Ed McMahon's heading-for-foreclosure house in Beverly Hills said yesterday that the property is now in a "multiple offer situation." Last Thursday, billionaire developer Donald Trump announced that he had made the lenders an...Tags: Beverly Hills, Donald Trump, Ed McMahon
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Home Depot hammered by housing market
The Home Depot Inc. said Tuesday that its second-quarter profit sank 24 percent and reiterated its downbeat outlook for the year amid a weak housing market that shows no signs of recovery. For the three months ending Aug. 3, the nation's largest home...Tags: Lockheed Martin Corporation, House and Home, Parkway Properties Incorporated, Santa Barbara (Santa Barbara, California), Mortgages
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Loving your house again
First, let me say this: Of course I have regrets. After all, the purchase of our family home in Hollywood with an adjustable-rate mega-jumbo mortgage closed a mere 119 days before Countrywide Financial Corp. announced that -- whoops! -- it had, uh, run...Tags: State Budgets, Inflation and Deflation, Mortgages, Real Estate Buyers, Ceremonies
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Mortgage lenders to offer foreclosure-prevention counseling Thursday
Sentinel Staff WriterFrom Countrywide Financial to Wells Fargo, major mortgage lenders are set to offer free foreclosure-prevention counseling Thursday at a free seminar in the Orange County Convention Center, organizers said this week. The in-person counseling is...Tags: HSBC Holdings Plc, Mortgages, EMC Corporation, Orange County (Florida), Orange County Convention Center
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More loan woes for Ed McMahon
Tribune NewspapersLOS ANGELES—Mortgage troubles continue to bedevil Ed McMahon, the former sidekick to comic Johnny Carson on the "Tonight Show," who has been battling foreclosure of his Beverly Hills home. A Huntington Beach lender has sued McMahon to recover a...Tags: Beverly Hills, Johnny Carson, Ed McMahon, Financial and Business Services, Foreclosures
Sep 7, 2008
|Story| Chicago Tribune
Sep 6, 2008
|Story| Newsday
Aug 31, 2008
|Story| Allentown Morning Call
Aug 25, 2008
|Story| Los Angeles Times
Aug 23, 2008
|Column| Los Angeles Times
Aug 24, 2008
|Column| Chicago Tribune
Aug 21, 2008
|Story| South Florida Sun-Sentinel
Aug 21, 2008
|Story| Newsday
Aug 20, 2008
|Story| Orlando Sentinel
Aug 17, 2008
|Story| Los Angeles Times
Aug 19, 2008
|Story| Orlando Sentinel
Aug 17, 2008
|Story| Chicago Tribune
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