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Countrywide Financial News

News on Countrywide Financial (Ticker: CFC) continually updated from thousands of sources around the net.

13 hrs ago | OregonLive.com

Bank of America reportedly agrees to pay $17 billion to deal with mortgage-abuse claims

Bank of America Corp. 's record U.S. settlement over the sale of mortgage bonds in the run-up to the 2008 financial crisis will be announced as soon as Thursday, two people with knowledge of the matter said.

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Related Topix: Banking, Bank of America, Financial Services, Home, Mortgage, Personal Finance

17 hrs ago | National Mortgage News

Countrywide's Mozilo Said to Face U.S. Suit Over Subprime Loans

Eight Reasons the Housing Recovery's Been So Slow From tight credit conditions to empty nesters, here is a litany of problems weighing on the housing market, as summarized in the minutes of last month's Federal Reserve policy meeting.

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Related Topix: Home, Mortgage, Personal Finance, Financial Services, Securities and Exchange Commission, Corporate / Securities Law, Law, US News

19 hrs ago | Silicon Alley Insider

The Feds Are Finally Going After One Of The Worst Villains Of The Financial Crisis

Countrywide Financial Corporation founder and CEO Angelo Mozilo is sworn in to testify before the House Committee on Oversight and Government Reform on Capitol Hill in Washington March 7, 2008.

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Related Topix: Financial Services, Mortgage, Personal Finance, Home

Fri Aug 15, 2014

The Charlotte Observer

The deal that cost Bank of America $50 billion – and counting

In this Feb. 11, 2009 file photo, Bank of America Chairman and Chief Executive Officer Ken Lewis, left, and other top chief executive officers of banking institutions, testify on Capitol Hill in Washington before the House Financial Services Committee.

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Related Topix: Banking, Bank of America, Financial Services, Capitol Hill (Washington, DC), Washington, DC, Home, Mortgage, Personal Finance

Thu Aug 07, 2014

FindLaw

Pay Up, BofA: Court Orders $1B in Damages as DoJ Settlement Nears

In 2008, before the Great Recession was in full swing, Bank of America bought Countrywide Financial, in efforts to solidify its position in commercial banking , according to NPR.

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Related Topix: US News, Financial Services

Fri Aug 01, 2014

Seeking Alpha

Merrill Lynch And Countrywide Financial: Huge Thorns In The Side Of Bank Of America

BAC's Merrill Lynch and Countrywide Financial acquisitions continue to cause major problems with regards to unresolved mortgage-backed securities.

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Related Topix: Banking, Financial Services, Home, Mortgage, Personal Finance, Bank of America, US News

Thu Jul 31, 2014

Los Angeles Times

Freddie Mac: Mortgage rates hold steady; 30-year averaging 4.12%

Three out of 5 home builders surveyed reported difficulty in completing their houses on time because of a labor shortage.

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Related Topix: Home, Mortgage, Personal Finance, Financial Services

Wed Jul 30, 2014

The Washington Post

Bank of America ordered to pay damages of $1.27 billion for Countrywide fraud

A federal judge on Wednesday ordered Bank of America to pay $1.27 billion in damages over thousands of defective mortgages sold by its Countrywide Financial unit, delivering a win for the government in one of the few major trials stemming from the financial crisis.

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Related Topix: Home, Mortgage, Personal Finance, Financial Services, Business News

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