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Countrywide Financial

Housing Prices May Still Go Lower

Washington Independent | Charles R. Morris | Posted 05.25.2011 | Business

Financial markets have finally internalized the brutal fact that house prices still have a long way to fall. The full-year price drop in 2007 was 8.5 ...

Obama's Shortlist Just Got Shorter

Carol Felsenthal | Posted 05.25.2011 | Politics
Carol Felsenthal

Chris Dodd, Donna Shalala, Richard Holbrooke, David Boren can be scratched from Obama's short list (and perhaps even his long list) for vice president and for cabinet or other high-level positions

Inside Ed McMahon's Money Mess

Michael Lewittes | Posted 05.25.2011 | Entertainment
Michael Lewittes

"Being Ed McMahon was an expensive proposition." A lot of cash "went to tips," noted Fisher, who recalled walking through hotels with McMahon as he would hand out money to anyone who helped him.

Countrywide CEO Mozilo Calls Borrower's Plea For Help "Disgusting"

LA Times | Posted 05.25.2011 | Business

Apparently clicking "reply" when he meant to hit "forward," Countrywide Financial Corp. Chairman Angelo Mozilo ignited an online furor Tuesday by desc...

Countrywide Reportedly Under FBI Investigation

CNN | Posted 05.25.2011 | Business

The FBI has launched an investigation into the lending practices of battered home lender Countrywide Financial Corp., according to a report in The Wal...

Housing: The Latest Bad News

BusinessWeek | Ben Steverman | Posted 05.25.2011 | Business

In case you were still harboring a tiny bit of optimism about the U.S. housing sector, just take a look at a couple of headlines from Jan. 8. KB Home ...

Bank Of America In Talks To Buy Countrywide

Reuters | John Poirier and Jonathan Stempel | Posted 05.25.2011 | Business

Bank of America Corp (BAC.N: Quote, Profile, Research) is in advanced talks to buy struggling Countrywide Financial Corp (CFC.N: Quote, Profile, Resea...

2007's Most Unhinged Wall Street Moments

Wall Street Journal | David Gaffen | Posted 05.25.2011 | Business

A year filled with credit-market turmoil, eight-figure write-downs from the nation's largest financial institutions, shaky guidance from the Federal R...

Is Your Cash Safe At The Banks?

Smart Money | Aleksandra Todorova | Posted 05.25.2011 | Business

You don't have to be an information addict these days to get a sense of the grim realities that the subprime-mortgage crisis and resulting credit crun...

Countrywide Subpoenaed By Illinois Over Lending Practices

New York Times | GRETCHEN MORGENSON | Posted 05.25.2011 | Business

The Illinois attorney general is investigating the home loan unit of Countrywide Financial as part of the state's expanding inquiry into dubious lendi...

Top 10 Worst Business Deals

Time | Bill Saporito | Posted 05.25.2011 | Business

#1. The Public Invests in Blackstone Group It was only a matter of time before the private equity firms let the public in on the game -- for an infla...

Three CEOs Who Should Go

Motley Fool | Morgan Housel | Posted 05.25.2011 | Business

CEOs don't have the easiest jobs in the world. Being responsible for leading an organization with needy employees, unreasonable suppliers, and impatie...