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Countrywide Financial

Ex-Wells Fargo Worker: Bank Steered Black Homebuyers Into Subprime Mortgages

The Huffington Post | Alexander Eichler | Posted 06.13.2012 | Business

Six years after the onset of the housing bust, big banks are still facing allegations that race influenced their lending practices. Beth Jacobson, ...

Whistleblower Wins Big Over BofA

Reuters | Posted 07.29.2012 | Business

By Rick Rothacker May 29 (Reuters) - A former home appraiser will receive $14.5 million as part of a whistleblower lawsuit that accuse...

Church Burns Credit Card Offers In Protest Of Predatory Lending

The Huffington Post | Harry Bradford | Posted 04.24.2012 | Business

Sometimes, more than incense and candles are burned at Church. Last Sunday, members of the First Baptist Church of Lincoln Gardens in New Jersey ga...

Alexander Eichler

Fake Bank Of America Website Asks How You'd Run BofA | Alexander Eichler | Posted 04.19.2012 | Business

"Banking is too complicated for ordinary people to understand," reads the press release from "That's not to say people are stupid." T...

Thanks To BofA You Can Now Buy Foreclosed Homes In Bulk

Reuters | Posted 06.12.2012 | Business

By Matthew Goldstein and Jennifer Ablan NEW YORK, April 12 (Reuters) - For the second time in five months, Bank of America is tapping ...

Former Countrywide Employee Headed To Prison For Mortgage Fraud

The Huffington Post | Bonnie Kavoussi | Posted 03.13.2012 | Business

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...

BofA Tired Of Fannie Mae, Stops Selling Some Mortgages To Them

Reuters | Posted 04.25.2012 | Business

* BofA cites Fannie Mae repurchase claims * Bank still selling loans to Freddie Mac * BofA freezing pension plan June 30...

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

AP | Posted 04.18.2012 | Business

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 ...

Issa Moves On Probe Of Congressional VIP Mortgage Program

AP | LARRY MARGASAK | Posted 04.16.2012 | Politics

WASHINGTON — House investigators want to interview Angelo Mozilo, the former Countrywide Financial Corp. chief executive whose VIP program gave ...

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...

Attorneys General: It's Time to Close the Deal

Janis Bowdler | Posted 04.03.2012 | Latino Voices
Janis Bowdler

It is time to deliver the first installment of relief for homeowners that have not a moment to lose.

Republican Truth and Real Truth: GSEs and the Housing Bubble

David Coates | Posted 03.30.2012 | Politics
David Coates

The main rewrite now underway in their twice-weekly televised clashes is a rewrite on housing finance.

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...

Discrimination Lawsuit Holds Subprime Lenders Accountable

Shaun Donovan | Posted 03.17.2012 | Politics
Shaun Donovan

African-American and Latino families have been hit especially hard by economic recession. Most outrageously, these communities were also targets of many of the practices that helped cause it -- including discrimination, predatory lending and fraud.

Bank Of America Told Fed It Could Sell Branches In Emergency

Reuters | Posted 03.14.2012 | Business

(Adds details on Fed plan from source, background) Jan 13 (Rick Rothacker, Reuters) - Bank of America Corp told Federal Reserve off...

BofA's Appalling Foreclosure Battle With Paralyzed Man

The Huffington Post | Harry Bradford | Posted 01.12.2012 | Business

A quadriplegic man in Oregon has been battling banks to keep his home since 2003. And just when he thought the fight was finally over, Bank of America...

Bank Of America Plaza Threatened WIth Foreclosure

The Huffington Post | Harry Bradford | Posted 01.10.2012 | Business

In an ironic twist, a building bearing the name of a bank closely associated with the foreclosure crisis may soon be facing foreclosure itself. Ba...

Major Insurer's Lawsuit Against Bank Of America Gets Easier

The Huffington Post | Alexander Eichler | Posted 01.04.2012 | Business

The bad news continues to pile up for Bank of America, with a New York state court issuing a ruling Tuesday that will make it easier for a major bond ...

BofA May Get To Move Its $8.5 Billion Settlement Back To State Court

Posted 12.27.2011 | Business

(JONATHAN STEMPEL, Reuters) - An appeals court on Tuesday granted an appeal of a controversial ruling that moved consideration of Bank of America ...

Government Seeks To Recompense Victims Of Countrywide

The Huffington Post | Bonnie Kavoussi | Posted 12.27.2011 | Business

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...

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...

Foreclosure Fraud Costing These States The Most

The Huffington Post | Harry Bradford | Posted 12.15.2011 | Business

Millions of Americans have been forced out of their homes in the wake of the housing collapse, and from that has come allegation after allegation of f...

Wealthy Patriots Wage Class War

Janet Tavakoli | Posted 02.11.2012 | Business
Janet Tavakoli

A strange thing happened in Chicago. An audience of well-heeled professionals, a mixture of Democrats and Republicans, packed a room to hear Robert Shiller give a presentation on the housing market. At the end of the presentation, there was a bi-partisan revolt.