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A collection of news and information related to Countrywide Financial Corp. published by this site and its partners.
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GOP's anti-democratic tantrum
"Balanced." "Fair-minded." Showing "great personal integrity." These are some of the terms a bipartisan group of 37 state attorneys general used to describe former Ohio Attorney General Richard Cordray, President Barack Obama's nominee for director of the...Tags: Richard Cordray, U.S. Senate, Barack Obama, Finance, Douglas F. Gansler
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UPDATE 1-Wells Fargo spending $432 mln to end lending suit
Reuters* City of Memphis had accused Wells of discriminatory lending * Bank has denied allegations, citing commitment to responsible lending * Wells also faces possible civil charges from Justice Department By Rick Rothacker May 29 (Reuters) - Wells Fargo...Tags: Loans, Bank of America Corp., Finance, U.S. Department of Justice, Wells Fargo & Co.
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BofA whistleblower receives $14.5 mln in mortgage case
ReutersBy Rick Rothacker May 29 (Reuters) - A former home appraiser will receive $14.5 million as part of a whistleblower lawsuit that accused subprime lender Countrywide Financial of inflating appraisals on government-insured loans, his attorneys said Tuesday....Tags: Banking, Lawyers, Bank of America Corp., Justice System, Mortgages
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Bank of America whistleblower receives $14.5 million in mortgage case
Reuters(Reuters) - A former home appraiser will receive $14.5 million as part of a whistleblower lawsuit that accused subprime lender Countrywide Financial of inflating appraisals on government-insured loans, his attorneys said Tuesday. Kyle Lagow's lawsuit...Tags: Banking, Lawyers, Bank of America Corp., U.S. Department of Justice, Justice System
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Oscar-winning director attacks financial industry, seeking scalps
ReutersBy Bernard Vaughan NEW YORK, May 27 (Reuters) - Film maker Charles Ferguson's take on how the financial industry views the rest of America is summed up in the cover art for his new book, "Predator Nation: Corporate Criminals, Political Corruption, and...Tags: Barack Obama, Bill Clinton, Iraq War (2003-2011), International Military Interventions, Cancer
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DOJ receives rare praise in financial crisis cases
ReutersWASHINGTON (Reuters) - One part of the U.S. Justice Department has been receiving something in short supply for those investigating conduct tied to the financial crisis: praise. A unit in the civil rights division focused on discrimination in the housing...Tags: Barack Obama, Washington, DC, Civil Rights, Laws, Mortgages
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Judge dismisses parts of IndyMac fraud case
In a setback for federal regulators, a federal judge threw out many of the fraud allegations against former IndyMac Bancorp Chief Executive Michael W. Perry in a case stemming from the collapse of the onetime Pasadena mortgage lender.
U.S. District Judge...Tags: Federal Deposit Insurance Corporation, Bank of America Corp., Finance, Washington Mutual Inc., Prosecution
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FDIC sues big banks over mortgage debt losses
Reuters* FDIC sues as receiver for two failed Illinois banks * BofA, Citigroup, others sued * Banks said to mislead about residential mortgage debt * FDIC seeks $92 million By Jonathan Stempel May 21 (Reuters) - The U.S. government has filed three...Tags: Federal Deposit Insurance Corporation, Capital Bank Corporation, Bank of America Corp., Finance, Washington Mutual Inc.
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Ellen Degeneres downsizes into 8,500-square-foot Beverly Hills home
Cyberspace was a-twitter this week with the news that Ryan Seacrest is buying Ellen DeGeneres' Beverly Hills compound for $37 million, and that she and spouse Portia de Rossi are moving no farther than a Hal Levitt-designed midcentury — also in...Tags: Kelly Rutherford, Portia de Rossi, Maria Shriver, Bars and Clubs, Dining and Drinking
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UPDATE 1-RBC, C.Suisse among bidders for BofA wealth units-sources
Reuters* Julius Baer also looked to bid for parts of assets - sources * Deal could be worth about $2 bln, less than earlier estimates * BofA in step with moves to shrink its business - analyst By Saeed Azhar and Denny Thomas SINGAPORE/HONG KONG, May 17...Tags: Asia, Royal Bank of Canada, Bank of America Corp., United Overseas Bank Limited, Finance
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BofA boosts relocation payments to short sellers
ReutersBank of America Corp. said on Tuesday it had launched a nationwide program that offers increased relocation payments to delinquent mortgage customers who complete qualifying short sales. The second-largest U.S. bank said the program, tested in Florida...Tags: Foreclosures, Homes, Bank of America Corp.
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UPDATE 2-Wells Fargo may face fair lending claims
Reuters* U.S. Justice Department could assess penalties -document * Bank believes claims should not be brought * Countrywide last year settled claims it overcharged black, Hispanic consumers By Rick Rothacker and Aruna Viswanatha May 8 (Reuters) - Wells...Tags: Loans, NYSE, Bank of America Corp., Stock Market, Finance
Dec 13, 2011
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May 29, 2012
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May 29, 2012
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May 29, 2012
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May 27, 2012
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May 24, 2012
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May 23, 2012
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May 21, 2012
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May 20, 2012
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May 16, 2012
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May 15, 2012
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May 8, 2012
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