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Bank of America Countrywide

Bank Of America Deal A Victory For New York Families

Eric T. Schneiderman | Posted 10.21.2014 | Politics
Eric T. Schneiderman

This settlement sends a strong message that banks that prey on customers and investors will be held accountable. I will continue to investigate financial institutions that bend the rules for their own benefit, and pursue equal justice for all New York families.

Big Press on Bank of America Treatment of Whistleblower Michael Winston -- But, You'll Have to Read German!

Jerry Ashton | Posted 09.07.2014 | Business
Jerry Ashton

Germany's respected Handelsblatt, that country's parallel to the Wall Street Journal, recently devoted an entire section and a featured interview to the deliberate and ongoing crushing of American Michael Winston's finances and spirit by one of our country's largest banks.

Big Win For U.S.

Reuters | Posted 10.24.2013 | Business

* Bank found liable on one civil fraud charge * Verdict seen as a major win for the U.S. govt * Former Countrywide exec found liable on one frau...

BofA Reaches Record Settlement

Reuters | Posted 06.17.2013 | Business

* Countrywide accused of misleading investors on MBS * Largest settlement for federal MBS class action * BofA says much ...

Mark Gongloff

Government Names Individual In Subprime Mortgage Lawsuit | Mark Gongloff | Posted 01.31.2013 | Business

The U.S. government has sued a specific individual in a major case alleging fraudulent subprime mortgage sales in the lead up to the financial crisis....

Disgraced Lender Used Discounts To Buy Congress, Other Officials: Report

AP | LARRY MARGASAK | Posted 09.04.2012 | Business

WASHINGTON — The former Countrywide Financial Corp., whose subprime loans helped start the nation's foreclosure crisis, made hundreds of discoun...

'Worst Deal In The History Of American Finance'

Posted 06.29.2012 | Business

A huge mistake is weighing on Bank of America. The bank’s acquisition of mortgage lender Countrywide in 2008 has cost BofA more than $40 billion...

Black Borrowers Face Higher Hurdles in Lending, Study Shows

Posted 02.26.2012 | Black Voices

By Stefanos Chen This post originally appeared at AOL Real Estate. Qualifying for a loan in today's tight credit market is hard. But add rac...

Loren Berlin

2008 Mortgage Deal Shows How Not To Structure Current Settlement | Loren Berlin | Posted 02.04.2012 | Business

As states gear up to finalize a national mortgage servicing settlement, some are looking to avoid the painful lessons of a 2008 mortgage deal that fai...

Mark Gongloff

The Incredible Shrinking Bank Of America | Mark Gongloff | Posted 02.02.2012 | Business

Once the biggest bank in the country, Bank of America is shrinking before our very eyes. After more than three years at the top, Bank of America is...

BofA Allegedly Modified Home Loans To Keep Complainers Quiet

The Huffington Post | Alexander Eichler | Posted 03.27.2012 | Business

In an attempt to clean up its battered image, Bank of America allegedly provided mortgage assistance to customers willing to drop complaints about the...

BofA To Pay Record Sum To Settle Claims Of Discriminatory Lending

AP | By PALLAVI GOGOI and NEDRA PICKLER | Posted 02.20.2012 | Business

-- Bank of America agreed to pay $335 million to resolve allegations that its Countrywide unit engaged in a widespread pattern of discrimination agai...

Investigators: Four Members Of Congress Got VIP Loans From Notorious Subprime Lender

AP | LARRY MARGASAK | Posted 02.18.2012 | Business

WASHINGTON — Four House lawmakers received VIP discounted loans from the former Countrywide Financial Corp., the lender whose subprime mortgages...

Bank Of America Keeping Bankruptcy An Option For Mortgage Unit

Posted 11.17.2011 | Business

Countrywide Financial's lawsuit losses could compel parent Bank of America Corp (BofA) (BAC.N) to put up the unit on the bankruptcy block, Bloombe...

Bank Of America-Countrywide Settlement: Bank Will Pay $108 MILLION

AP | ALAN ZIBEL | Posted 05.25.2011 | Business

WASHINGTON — Bank of America will pay $108 million to settle federal charges that Countrywide Financial Corp., which it acquired nearly two year...

Bank of America To Buy Countrywide For $4B In Stock

AP | IEVA M. AUGSTUMS | Posted 05.25.2011 | Business

Bank of America Corp. said Friday it has agreed to buy Countrywide Financial for $4 billion in stock, a deal that both rescues the country's largest m...