Countrywide Financial

Countrywide Financial Newswire (Page 2)

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Results 21 - 40 of 154 in Countrywide Financial

  1. ConstanceCELEBRATING IKERead the original story

    Apr 14, 2015 | American Reporter

    ... U.S. bank in terms of assets. But Bank of America is still trying to digest another troubled company - Countrywide Financial, the leading subprime mortgage lender that was about to go belly-up before BofA took it over earlier this year. And on ...

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  2. 10 People to Blame for the 2008-2009 U.S. Stock Market CrashRead the original story w/Photo

    Apr 3, 2015 | Money Morning

    ... out more than $2 trillion of Americans' retirement savings. Mozilo served as cofounder and CEO of Countrywide Financial Corp. He's now widely regarded as the poster child of corporate misbehavior that led to the 2008 U.S. stock market crash . You ...

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  3. Uncle Sam's Favorite CorporationsRead the original story w/Photo

    Mar 22, 2015 | Clarks Hometown News Patriot

    ... (excluding repayments) is just under $3.5 trillion (including the amounts for its Merrill Lynch and Countrywide Financial acquisitions). Three other banks are in the trillion-dollar club: Citigroup ($2.6 trillion), Morgan Stanley ($2.1 trillion) and ...

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  4. More litigation layoffs likely following Goodwin Procter purgeRead the original story w/Photo

    Mar 19, 2015 | Business Journal

    ... to make the layoffs now, industry onlookers said. Goodwin has defended Bank of America (NYSE:BAC) unit Countrywide Financial in lawsuits over alleged fraud surrounding the sale of mortgage-backed securities, a major source of work for the litigation ...

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  5. Bank of America gets OK to repurchase stock but must address - deficiencies'Read the original story

    Mar 11, 2015 | WBTV

    ... as it has struggled to free itself from costly litigation, much of it resulting from its purchases of Countrywide Financial Corp. and Merrill Lynch. "I think Brian's got issues he's got to deal with," independent bank analyst Nancy Bush said. "I ...

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  6. ConstanceCELEBRATING IKERead the original story

    Mar 10, 2015 | American Reporter

    ... U.S. bank in terms of assets. But Bank of America is still trying to digest another troubled company - Countrywide Financial, the leading subprime mortgage lender that was about to go belly-up before BofA took it over earlier this year. And on ...

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  7. Orrick's Financial Industry Week in ReviewRead the original story w/Photo

    Mar 10, 2015 | jdsupra.com

    ... and plaintiff Bank of New York Mellon, as trustee of 530 RMBS trusts backed by mortgages originated by Countrywide Financial. The trustee entered into the settlement after it was negotiated with Bank of America by a group of 22 of the largest ...

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  8. BofA finally puts Countrywide's mortgage misdeeds behind it with approved $8.5B settlementRead the original story w/Photo

    Mar 10, 2015 | Inman News

    A settlement was finalized March 5 between the nation's second-largest bank and 22 investors who purchased $174 million in subprime mortgage-backed securities. Still haunted by the ghost of Countrywide Financial Corp. seven years after its acquisition, Bank of America Corp. will finally be rid of the failed bank's liabilities - to the tune of $8.5 billion.

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  9. ConstanceCELEBRATING IKERead the original story

    Mar 6, 2015 | American Reporter

    ... U.S. bank in terms of assets. But Bank of America is still trying to digest another troubled company - Countrywide Financial, the leading subprime mortgage lender that was about to go belly-up before BofA took it over earlier this year. And on ...

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  10. Judge approves $8.5B deal over Bank of America mortgagesRead the original story w/Photo

    Mar 6, 2015 | Business Journal

    ... close the book on one of the final outstanding claims against the bank. Since buying mortgage lender Countrywide Financial in 2008, BofA has paid tens of billions of dollars to private investors, government regulators and individual borrowers to ...

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  11. BofA's $8.5 billion mortgage bond settlement wins approvalRead the original story

    Mar 5, 2015 | WNFL-AM Green Bay

    ... Management Co to resolve claims over $174 billion of mortgage securities issued by the former Countrywide Financial Corp. But some investors claimed the settlement shortchanged them. They said Bank of New York Mellon Corp, which negotiated the ...

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  12. ConstanceCELEBRATING IKERead the original story

    Mar 2, 2015 | American Reporter

    ... U.S. bank in terms of assets. But Bank of America is still trying to digest another troubled company - Countrywide Financial, the leading subprime mortgage lender that was about to go belly-up before BofA took it over earlier this year. And on ...

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  13. ConstanceCELEBRATING IKERead the original story

    Feb 27, 2015 | American Reporter

    ... U.S. bank in terms of assets. But Bank of America is still trying to digest another troubled company - Countrywide Financial, the leading subprime mortgage lender that was about to go belly-up before BofA took it over earlier this year. And on ...

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  14. How 1 Bank Turned $234 Million Into $2.3 Trillion in Just 51 YearsRead the original story

    Feb 22, 2015 | The Motley Fool

    ... 1998, as Ken Lewis, a longtime NationsBank executive, was forced out as CEO following the disastrous Countrywide Financial acquisition on the eve of the financial crisis of 2008-2009. NationsBank's incredible success At the end of the day, it's hard ...

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  15. ConstanceCELEBRATING IKERead the original story

    Feb 18, 2015 | American Reporter

    ... U.S. bank in terms of assets. But Bank of America is still trying to digest another troubled company - Countrywide Financial, the leading subprime mortgage lender that was about to go belly-up before BofA took it over earlier this year. And on ...

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  16. A Whistleblower's Horror StoryRead the original story w/Photo

    Feb 18, 2015 | RollingStone

    ... years ago this month, Winston was being celebrated in the news as a hero. He'd blown the whistle on Countrywide Financial, the bent mortgage lender that one could plausibly argue nearly blew up the global economy in the last decade with its reckless ...

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  17. Bank of America CEO Brian MoynihanRead the original story w/Photo

    Feb 17, 2015 | WBTV

    ... CEO in 2010, when the bank was reeling from fallout from the financial crisis and its purchases of Countrywide Financial and Merrill Lynch. a Bank of America's stock price climbed 13 percent during 2014, better than the rise in the S&P 500 Index. ...

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  18. Bank of America CEO's pay falls by $1 millionRead the original story w/Photo

    Feb 17, 2015 | The Charlotte Observer

    ... CEO in 2010, when the bank was reeling from fallout from the financial crisis and its purchases of Countrywide Financial and Merrill Lynch. Bank of America's stock price climbed 13 percent during 2014, better than the rise in the S&P 500 Index. Its ...

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  19. Watchdog endorses Bank of America's early efforts to comply with settlementRead the original story w/Photo

    Feb 17, 2015 | The Charlotte Observer

    ... in the run-up to the financial crisis. In reaching the settlement, Bank of America admitted that it, Countrywide Financial and Merrill Lynch took part in faulty mortgage-backed securities practices. Bank of America bought Countrywide in 2008 and ...

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  20. Tax-Minimizing Trades And Layoffs Rock Bank Of AmericaRead the original story w/Photo

    Feb 14, 2015 | Seeking Alpha

    ... reputation on its home turf. Bank of America's troubles with toxic mortgages began when it purchased Countrywide Financial in 2008. The subprime lender had issued many loans before the large volume of borrowers found it difficult to pay off their ...

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