Countrywide

Former Countrywide Employee Headed To Prison For Mortgage Fraud

The Huffington Post | Bonnie Kavoussi | Posted 03.13.2012

Read More: Countrywide Prison, Video, Paige Kinney Countrywide Mortgage Fraud, Countrywide, Countrywide Financial, Bank of America, Paige Kinney Countrywide, Paige Kinney Countrywide Prison, Paige Kinney Phoenix, Countrywide Mortgage Fraud, Paige Kinney, Business News

The federal government is bringing a little justice to the mortgage mess, even if there was a five year delay. Paige Kinney of Phoenix, a former C...

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BofA's Brian Moynihan Gets HOW Much After A Pay Cut?

AP | Posted 04.18.2012

Read More: Brian Moynihan, CEO Pay, Video, Banker Pay, Wall Street, Countrywide, Countrywide Financial, Restricted Stock, Bank of America, Brian Moynihan Pay, Bofa, Big Banks, Bank Bonuses, Ap, Business News

CHARLOTTE, N.C. (AP) — Bank of America's chief executive is taking a pay cut. Brian Moynihan will be eligible for up to $5.9 million ...

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Details Emerge On Congressman's Sweetheart Deal

AP | Posted 02.13.2012

Read More: Video, Buck Mckeon Countrywide Loan, Mckeon Countrywide Loan, Countrywide, Mckeon Mortgage, Buck Mckeon Countrywide, Mckeon Countrywide, Buck Mckeon, Mckeon, Politics News

LOS ANGELES -- Documents detail the terms of a discounted mortgage loan received by U.S. Rep. Howard McKeon from the now-defunct Countrywide Financial...

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2008 Mortgage Deal Shows How Not To Structure Current Settlement

HuffingtonPost.com | Loren Berlin | Posted 02.04.2012

Read More: Countrywide Deal, AG Settlement, Foreclosure Crisis, Mortgage Settlement, Bank of America Countrywide, Robo-Signing, Bank of America Deal, Bank of America, Housing Crisis, Shaun Donovan, Subprime Mortgages, Attorney General Deal, Countrywide, Countrywide Financial, Attorney General, Foreclosure, Mortgage Deal, Business News

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...

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Government Seeks To Recompense Victims Of Countrywide

The Huffington Post | Bonnie Kavoussi | Posted 12.27.2011

Read More: Brian Moynihan, Video, Subprime Mortgages, Countrywide, Countrywide Financial, Subprime Mortgage Crisis, Bank of America, Department of Justice, Justice Department, Business News

The government would like to repay more than 200,000 minority borrowers who allegedly paid unfairly high interest rates and fees on mortgages, but fir...

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Congresswoman Marcy Kaptur Confronts MF Global and Wall Street

Janet Tavakoli | Posted 02.25.2012

Read More: Merrill Lynch, Bank of America, Goldman Sachs, Jon Corzine, Countrywide, Third World America, Representative Nan Hayworth, MF Global, Henry Paulson, Senator Mike Johanns, Representative Bill Huizenga, Senator Robert Menendez, Representative Marcy Kaptur, Video, Business News

When it comes to fraud, if you don't look for it, you don't find it, because when it comes to fraud, there is always a cover-up.

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That $335 Million BofA Settlement: The Good, the Bad, and the Very Ugly

Richard (RJ) Eskow | Posted 02.20.2012

Read More: Government Settlement, Bank Fraud, Bank of America, Countrywide, Discriminatory Lending, Countrywide Settlement, Bank of America Settlement, Politics News

Once again, bankers have bought their way out of being investigated without even acknowledging their wrongdoing. Justice isn't served when that happens.

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Firm That Extracted Billions From BofA Sets Its Sights On JPMorgan

Posted 12.16.2011

Read More: Video, Washington Mutual, Countrywide, Securities, Housing Boom, Chase, Mortgage Backed Securities, JPMorgan Chase & Co, Spotlight Advisors LLC, Gibbs & Burns LP, Bank of America Corp, New York Stock Exchange, Pension Funds, Business News

A law firm that led mortgage bondholders to extract a $8.5 billion settlement from Bank of America Corp is turning its sights on JPMorgan Chase & ...

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How Controversial Perry Plan Backfired

AP | JACK GILLUM | Posted 12.03.2011

Read More: Countrywide Bank of America, Texas Subprime, Video, Washington Mutual, Subprime Lending, Countrywide, Perry Subprime, Rick Perry 2012, Texas Governor Rick Perry, Elections 2012, Rick Perry, Politics News

WASHINGTON — As Texas governor, Rick Perry spent tens of millions in taxpayer money to lure some of the nation's leading mortgage companies to e...

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Countrywide Covered Up Massive Fraud, Former Employees Say

iWatch News | Posted 11.22.2011

Read More: Brian Moynihan, Countrywide Home Loans, Subprime Mortgages, Countrywide, Great Recession, Bank of America, Eileen Foster, Financial Crisis, Kenneth Lewis, Angelo Mozilo, Countrywide Cover-Up, Financial Collapse, Business News

In the summer of 2007, a team of corporate investigators sifted through mounds of paper pulled from shred bins at Countrywide Financial Corp. mortgage...

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Major Banks Engineered Decade-Long Kickback Scheme, Investigators Say

American Banker | Jeff Horwitz | Posted 11.06.2011

Read More: Kickbacks, Countrywide, Major Banks, Wells Fargo, SunTrust Banks, Real-Estate-Settlement-Procedures-Act, Banks, Big Banks, Citigroup, Department of Housing and Urban Development, Business News

Many of the country's largest banks received $6 billion in kickbacks from mortgage insurers over the course of a decade, according to a previously und...

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Federal Agency Wants Details On Multi-Billion BofA Settlement

AP | Posted 10.31.2011

Read More: Video, Freddie Mac, Pimco Investment Management, Countrywide, Federal Government, Mortgage Crisis, Bank of America, Fannie Mae, Blackrock Financial Management, Federal Housing Finance Agency, Foreclosure, Federal Reserve Bank of New York, Housing Crisis, Business News

By Associated Press WASHINGTON -- Fannie Mae and Freddie Mac are asking for more information about a proposed $8.5 billion settlement between Bank ...

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Federal Agency Objects To Bank Of America's $8.5 Billion Settlement

The Huffington Post | Alexander Eichler | Posted 10.29.2011

Read More: Video, Fdic, Countrywide, Federal Deposit Insurance Corporation, Countrywide Financial, Federal Deposit Insurance Corp, Bank of America, Financial Crisis, Warren Buffett, Bofa, Warren Buffett Bank of America, Bank of America Settlement, Business News

In June, a director at Bank of America described the company's 2008 acquisition of Countrywide Financial -- the mortgage lender whose holdings include...

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Matt Taibbi: NY Attorney General Vs. The Banking World

Rolling Stone | MATT TAIBBI | Posted 10.25.2011

Read More: Matt Taibbi, Goldman Sachs, Morgan Stanley, Wall Street, Eric Schneiderman, Securities, Countrywide, Mortgage Crisis, Bank of America, Obama Administration, Banks, Mbs, AAA Rating, New York Attorney General, Business News

On the one side is Eric Schneiderman, the New York Attorney General, who is conducting his own investigation into the era of securitizations – the p...

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Bank Of America Hit With New Countrywide Lawsuit

AP | Posted 09.29.2011

Read More: Mortgages, Tiaa-Cref, Bank of America Lawsuit, Countrywide, Bank Lawsuit, Countrywide Lawsuit, Countrywide Financial, T. Rowe Price, Bank of America, Mortgage Crisis, Bofa Lawsuit, Blackrock, Bofa, Business News

NEW YORK -- Bank of America Corp. is facing a new lawsuit filed by a group of shareholders of mortgage giant Countrywide Financial Corp., which the ba...

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Should Homeowners Be Jailed For Taking Out Bad Loans?

Posted 05.28.2011

Read More: Debtors Prisons, Mortgage Lenders, Countrywide, Bank of America, Financial Crisis, New York Times, Joe Nocera, Angelo Mozilo, Mortage Borrowers, Charlie Engle, Business News

To date, not a single mortgage lender has been sent to prison for their role in the financial crisis. At least one borrower hasn't been so lucky. C...

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Foreclosure Protesters Descend On Washington

HuffingtonPost.com | Zach Carter | Posted 05.25.2011

WASHINGTON -- Hundreds of protesters from around the country descended on a meeting of all 50 state attorneys general in the nation's capital on Monda...

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Issa, Cummings Clash Over Subpoenas Of Obama Administration

HuffingtonPost.com | Elise Foley | Posted 05.25.2011

Read More: Elijah Cummings, Dhs, Darrell Issa, Issa Subpoena, Foia, House Oversight Committee, Rep. Darrell Issa, Obama Administration, Department of Homeland Security, Bank of America, Friends of Angelo, DHS Subpoena, Countrywide, Countrywide Subpoena, VIP Mortgages, Oversight Committee, Freedom of Information Act, Darrell Issa Subpoena, Politics News

WASHINGTON -- Rep. Darrell Issa issued two subpoenas this week targeting the Obama administration, reigniting a dispute with Democrats on the House Ov...

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FBI Nabs Countrywide's Mozilo for Overtanning

Jack Hidary | Posted 05.25.2011

Read More: Tanning Beds, Tanning Salon, Angelo Mozilo, Countrywide, Fbi, John Boehner Tan, Tanning, George Hamilton, Comedy News

The FBI announced last week that it failed to come up with financial charges against Angelo Mozilo, the notorious former head of Countrywide Financia...

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Video Interview With Bethany McLean, Co-Author of All the Devils Are Here

Mark Bazer | Posted 05.25.2011

Read More: Mortgage, Goldman Sachs, Merrill Lynch, Countrywide, Wall Street, All the Devils Are Here, Bethany McLean, Subprime, Fannie Mae, Alan Greenspan, Regulation, Stan O'Neal, Credit Default Swap, Chicago News

Bethany McLean, co-author of All the Devils Are Here: The Hidden History of the Financial Crisis, stopped by to discuss the book and who are the biggest a**holes on Wall Street.

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California Settles Predatory Lending Lawsuit Against Countrywide Execs

AP | Posted 05.25.2011

Read More: Countrywide Insurance, Countrywide Home Loans, Countrywide Bankruptcy, Countrywide Bank, Countrywide, Countrywide Settlement, Los Angeles News

LOS ANGELES — The state of California has reached a settlement in a predatory lending lawsuit against former executives at Countrywide Financial...

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Gretchen Morgenson: In Bank Crisis Report, a Whodunit With Laughs and Tears

nytimes.com | GRETCHEN MORGENSON | Posted 05.25.2011

Read More: Gretchen Morgenson, Countrywide, Great Recession, Too Big to Fail, Economic Crisis, Federal Reserve, Banks, Financial Crisis, Financial Crisis Inquiry, Recession, Business News

TRULY startling revelations were few in the voluminous report, published last Thursday by the Financial Crisis Inquiry Commission on the origins of th...

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Bank Bailouts: 'The Screwing Of The American People' (VIDEO)

The Huffington Post | Yepoka Yeebo | Posted 05.25.2011

Read More: JP Morgan Chase, Economic Crisis, Xtranormal, Bank of America, Fed Video, Federal Reserve, Merill Lynch, Animation, Federal Reserve Video, Goldman Sachs, Video, Washington Mutual, Countrywide, Bank Bailouts, Business News, Ben Bernanke, Bear Stearns, Fed Xtranormal, Business News

In a video exploration of the bank bailouts, two cute creatures decide the bank bailouts amount to "the screwing of the American people." In the n...

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What Does WikiLeaks have on Bank of America?

Mary Bottari | Posted 05.25.2011

Read More: Merrill Lynch, Brian Moynihan, Countrywide, Merrill Lynch Bonuses, Countrywide Financial, Financial Reform, Merrill Lynch Bank of America, Bank of America, Merrill Lynch Buyout, Banking Crisis, Financial Crisis, Business News

WikiLeaks founder Julian Assange is promising to unleash a cache of secret documents from the hard drive of a U.S. megabank executive. In 2009, he told Computer World that the bank was Bank of America (BofA).

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Blame the Victims and Enrich the Perpetrators

Janet Tavakoli | Posted 05.25.2011

Read More: Wall Street Bailout, Countrywide, Foreclosure Fraud, Housing Crisis, Business News

Despite evidence of widespread interconnected mortgage lending, securitization, and foreclosure wrong-doing across the financial sector, there are no meaningful felony indictments.

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