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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 | National Mortgage News

B of A Puts Countrywide Vet in Charge of Mortgage Lending

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, Banking, Bank of America, Financial Services

13 hrs ago | National Mortgage News

B of A Puts Countrywide Vet in Charge of Mortgage Lending

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.

Comment?

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

Fri Jul 18, 2014

Pacific Business Times

PennyMac counts on family, Countrywide ties

PennyMac, the Moorpark-based firm founded by former top brass at Countrywide Financial Corp., has inked a $550 million loan repurchasing deal with Bank of America.

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Related Topix: Moorpark, CA, Financial Services, Home, Mortgage, Personal Finance, REIT, Foreclosures

Wed Jul 16, 2014

Reuters

BofA pays AIG $650 million to settle mortgage disputes

Bank of America agreed to pay American International Group Inc $650 million to settle long-running legal disputes over defective mortgage-backed securities sold in the run-up to the financial crisis.

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Related Topix: Home, Mortgage, Personal Finance, Banking, Bank of America, Financial Services, Insurance, American International Group, BlackRock, Investment Services

Sat Jul 05, 2014

The Motley Fool

Bank of America Deserves Blame for Its Financial Crisis Meltdown

But is this letting Bank of America off the hook? While it's certainly true that Countrywide has cost the nation's second largest bank by assets tens of billions of dollars, what's also true is that Bank of America's own operations prior to the financial crisis are just as responsible for its current condition.

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Related Topix: Financial Services

Mon Jun 30, 2014

The Motley Fool

60 Billion Reasons Bank of America Can't Blame Countrywide Financial for Its Problems

The problems were rather, so the argument goes, inherited via its 2008 acquisition of Countrywide Financial.

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Related Topix: iPad App, Bank of America, iPhone and iPad App, Banking, Financial Services, Home, Mortgage, Personal Finance

Mon Jun 23, 2014

Seeking Alpha

Should You Double Down On Bank Of America Lawsuits?

As Bloomberg reported on June 20, 2014, Bank of America is going to face government lawsuits over the quality of loans underpinning the values of residential mortgage-backed securities: Bank of America Corp. failed to win dismissal of two government lawsuits in which it's accused of misleading investors about the quality of loans tied to $850 ... (more)

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Related Topix: Banking, Bank of America, Financial Services, Home, Mortgage, Personal Finance, US Securities and Exchange Commission

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