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Countrywide Financial

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

HuffingtonPost.com | 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

HuffingtonPost.com | 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

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No Criminal Charges For Countrywide Former CEO

Bloomberg Businessweek | Posted 05.25.2011 | Business

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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

HuffingtonPost.com | 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...

Manicurist Hit With Corruption Charges -- Know What I'm Sayin'?

Bill Singer | Posted 05.25.2011 | Business
Bill Singer

You ever wonder where so many popular but annoying sayings come from? How do these things even get started? You know? So, like, you know, just sayin',...

Let's Set the Record Straight on Bank of America, Part 2: Eliminating Foreclosure Fraud

William K. Black | Posted 05.25.2011 | Business
William K. Black

Fraud begets fraud. Bank of America created over $4 billion in "goodwill" and placed it on its books as an asset when it paid money to acquire Countrywide at a time when it was deeply insolvent on a market value basis.

The Mozilo Method: Rob, Get Caught, Cut Deal, Die Rich

Jonathan Tasini | Posted 05.25.2011 | Politics
Jonathan Tasini

We are missing part of the anger that I think cuts across the political spectrum--and it goes right to the question: why is Angelo Mozilo not going to...

Robo-Signer For Bank Of America Speaks: 'I Had No Idea What I Was Signing'

CNN Money | Tami Luhby, Senior Writer | Posted 05.25.2011 | Business

NEW YORK (CNNMoney.com) -- It only took him a second to sign each foreclosure document. That's how good Tam Doan got at his job in Bank of America's ...