iOS app Android app

Countrywide Financial

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.

Ex-Countrywide Financial Executive: Mortgage Fraud Was 'Systemic'

The Huffington Post | Harry Bradford | Posted 12.05.2011 | Business

With mortgage lenders now facing allegations of misconduct on several fronts, a former top ranking employee at a major home lender has come forward sa...

Are the Banks Still Coming for Your House?

Daniel Cubias | Posted 01.06.2012 | Latino Voices
Daniel Cubias

Depending on whom you ask, the housing crisis is over, still going on, or entering a new and far more sinister phase.

Cities With The Most Underwater Mortgages

24/7 Wall St. | Michael B. Sauter, Charles B. Stockdale | Posted 10.25.2012 | Business

From 24/7 Wall St.: Earlier this week, President Obama announced he would extend the mortgage refinancing program in an effort to provide relief to ho...

Report: California AG Subpoenas Bank Of America

Posted 12.20.2011 | Business

The California state attorney general's office subpoenaed Bank of America Corp this week regarding the sale and marketing of troubled mortgage-bac...

Freddie Protecting Banks, Not Taxpayers

Peter S. Goodman | Posted 11.27.2011 | Business
Peter S. Goodman

For many months, people concerned about the anemic American economy have focused on the housing market, and the reality that many of the nation's home...

William Alden

Bank of America Job Cuts Won't Help Where It Counts, Experts Say | William Alden | Posted 11.13.2011 | Business

NEW YORK -- Bank of America's announcement that it plans to shed 30,000 jobs doesn't address the bank's most pressing concerns, experts said Monday. ...

Who Is The Best Person To Run Bank Of America?

Charles Gasparino | Posted 10.30.2011 | Business
Charles Gasparino

If the saga of Bank of America, the country's largest and most troubled bank, were to be made into a movie, its title would have to be "The Dumbest Men in the Room," starring its half-witted chief executive officer and board of directors.

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

The Huffington Post | Alexander Eichler | Posted 10.29.2011 | Business

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

The Man Who May Bring the Banksters to Justice (If They Don't Break His Knees First)

Miles Mogulescu | Posted 10.29.2011 | Politics
Miles Mogulescu

New York State Attorney General Eric Schneiderman may go down as the most important public official in reforming the corrupt financial system -- if he can hold out against pressure from Wall Street, the Federal Reserve, and the Obama administration.

How Washington's 'Know-Nothings' Hurt The Economy: Fortune

FORTUNE | Allan Sloan | Posted 10.19.2011 | Business

What's ailing us? It's not just unemployment. It's not just Europe's debt woes. And, no, it's not Wall Street this time. It's the takeover of the econ...

Shahien Nasiripour

New York Attorney General Accuses Bank Of New York Mellon Of Fraud, Moves To Block Bank Of America's Mortgage Deal | Shahien Nasiripour | Posted 10.04.2011 | Business

WASHINGTON -- New York Attorney General Eric Schneiderman asked a state judge to reject a proposed $8.5 billion settlement agreement over soured loans...

Bank Of America Hit With New Countrywide Lawsuit

AP | Posted 09.29.2011 | Business

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...

BofA Director: Countrywide Deal 'Worst Decision We Ever Made'

The Huffington Post | Alexander Eichler | Posted 08.30.2011 | Business

When Bank of America bought Countrywide Financial for $2.5 billion in stock in 2008, it must have seemed like a good deal. The troubles with Countr...

An Honest Bank Is Hard to Find

B. Jeffrey Madoff | Posted 05.29.2011 | Business
B. Jeffrey Madoff

I never actually met anyone in person from Bank of America. I was not too big to fail; I was too small to notice.

Executives Behind Financial Crisis Face Little Risk Of Being Caught

The New York Times | JOE NOCERA | Posted 05.25.2011 | Business

So much for Angelo Mozilo taking the fall for the financial crisis. Late last week, word leaked out that Mr. Mozilo, who had co-founded Countrywide F...

'Deteriorating Credit Quality' Hits BofA Hard

Bloomberg News | Hugh Son | Posted 05.25.2011 | Business

Feb. 22 (Bloomberg) -- Bank of America Corp., the biggest U.S. lender by assets, almost doubled a goodwill impairment for its credit-card unit to $20....

How A Countrywide Executive Took On The Company

New York Times | Posted 05.25.2011 | Business


No Criminal Charges For Countrywide Former CEO

Bloomberg Businessweek | Posted 05.25.2011 | Business


BofA Hit With Subpoena Over Mortgage Documents

Posted 05.25.2011 | Business

The head of the U.S. House of Representatives oversight committee issued a subpoena on Wednesday to Bank of America for information about mortgage...

Bank of America Division Accused Of 'Massive Fraud' In Suit

AP | MARK JEWELL | Posted 05.25.2011 | Business

A lawsuit alleges Countrywide Financial Corp. and two of its former executives misled institutional investors who were stuck with huge losses from mor...

What Does WikiLeaks have on Bank of America?

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

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).

Shahien Nasiripour

Obama Consumer Agency May Not Be Able To Oversee Payday Lenders, Mortgage Firms | Shahien Nasiripour | Posted 05.25.2011 | Business

The nascent consumer agency dedicated to protecting borrowers from abusive lenders, a cornerstone of the Obama administration's efforts to reform the ...

FOR SALE: $1 Billion In Toxic BofA Mortgages

Posted 05.25.2011 | Business

BANGALORE (Reuters): Bank of America Corp has put up for sale at least $1 billion worth of toxic mortgage assets, the New York Post said on Monday, c...

Countrywide's Errors May Doom Bank Of America

DailyFinance | ABIGAIL FIELD | Posted 05.25.2011 | Business

Testimony in a New Jersey foreclosure case decided last week may spell big trouble for Bank of America (BAC). If what one bank employee said on the st...