LOS ANGELES — A federal judge has ruled that a shareholder lawsuit against Countrywide Financial Corp. executives and directors should go to tri...
AP | CHRISTOPHER S. RUGABER | Posted 05.15.2008 | Business
WASHINGTON — Mortgage lender Countrywide Financial Corp., which is under investigation for inflating certain borrowers' fees, acknowledged Tuesd...
AP | Posted 05.03.2008 | Business
CALABASAS, Calif. — A securities filing shows Countrywide Financial Corp. CEO Angelo Mozilo earned about $10.8 million in total compensation and...
Fortune's Stanley Bing | Posted 05.02.2008 | Business
I'm a big fan of bailouts. Some believe that the markets should go through the pain of what they have wrought on themselves in order to come out the other side cleaner, stronger, faster. Not me.
Muckraked! | Posted 04.12.2008 | Business
From Muckraked! When it comes to assigning blame for his firm's collapse, Alan Schwartz, the president and CEO of Bear Stearns, borrows a page from C...
CNN | Posted 03.28.2008 | 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...
AP | ALEX VEIGA | Posted 03.28.2008 | Business
LOS ANGELES — Countrywide Financial Corp., under pressure to help stem growing home loan defaults, says it will expand programs to help borrower...
AP | ALEX VEIGA | Posted 03.28.2008 | Business
LOS ANGELES — The $422 million loss Countrywide Financial Corp. reported Tuesday didn't appear to scare off Bank of America. "At this point, ev...
Reuters | John Poirier and Jonathan Stempel | Posted 03.28.2008 | Business
Bank of America Corp (BAC.N: Quote, Profile, Research) is in advanced talks to buy struggling Countrywide Financial Corp (CFC.N: Quote, Profile, Rese...
AP | Madlen Read | Posted 03.28.2008 | Business
A volatile Wall Street advanced Thursday for the second day in a row, as investors found renewed confidence in a report that Bank of America Corp. is ...
Portfolio | Liz Gunnison | Posted 03.28.2008 | Business
The bottom has dropped out of the banking business, brokerages are floundering, home foreclosures are soaring, and the threat of recession looms. What...
Time | Bill Saporito | Posted 03.28.2008 | 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...
24/7 Wall Street | Douglas A. McIntyre | Posted 03.28.2008 | Business
In the current credit environment, there are several fairly big companies that could get in enough trouble that it would wipe out the common sharehold...
Washington Post | Dina ElBoghdady | Posted 03.28.2008 | Business
Countrywide Financial, the nation's largest mortgage lender, reported yesterday that it lost $1.2 billion in the third quarter, but its stock price ju...
AP | Alex Veiga | Posted 03.28.2008 | Business
Countrywide Financial Corp., the nation's largest mortgage lender, said Friday it swung to a loss of more than $1 billion in the third quarter as mort...
Seeking Alpha | Roy Mehta | Posted 03.28.2008 | Business
Countrywide Financial announced Tuesday it will begin contacting about 82,000 borrowers to offer refinancing or modifications for a total of $16 billi...
24/7 Wall Street | Douglas A. McIntyre | Posted 03.28.2008 | Business
Workers in industries that are not doing well usually get laid off. But, it is not a good omen when workers in robust sectors of the economy are losin...
AP | ALEX VEIGA | Posted 05.23.2008 | Business