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A collection of news and information related to Countrywide Financial Corp. published by this site and its partners.

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    May 17, 2013 |Column| Los Angeles Times
  1. Enron's Jeff Skilling doesn't deserve a break

    As if you didn't know this already, we're coddling criminals in America. By that I don't mean the petty drug dealers, three-strikes necklace-snatchers and other mooks filling up our state prisons; many of them are doing hard time. I'm talking about...

    Tags: Environmental Issues, Insider Trading, Lawyers, Corporate Officers, Court Preliminary

  2. May 14, 2013 |Column| Los Angeles Times
  3. BofA cuts 2 million customers loose

    It's long been a basic tenet of the business world: You give us more business, we'll reward your loyalty with better deals.
    It's long been a basic tenet of the business world: You give us more business, we'll reward your loyalty with better deals. That's how cable companies operate with their service packages. That's how phone companies work. And until now, that's pretty...

    Tags: Bank of America Corp., Marketing, Loans, Economy, Business and Finance, American Express Company

  4. May 13, 2013 |Story| Reuters
  5. Glass Lewis: Goldman shareholders should vote no on compensation

    Reuters
    NEW YORK (Reuters) - Goldman Sachs Group Inc shareholders should vote against the Wall Street bank's executive compensation proposal because the board has "failed to link pay with performance," proxy advisory firm Glass Lewis said in a report on Monday....

    Tags: Elections, Corporate Officers, Politics, Lloyd Blankfein, Fannie Mae

  6. May 7, 2013 |Story| Reuters
  7. AIG may pursue fraud case vs BofA over Countrywide

    Reuters
    * AIG says misled over Countrywide securities * California judge rules in $10 billion case * Bank of America to defend against remaining claims By Jonathan Stempel May 7 (Reuters) - American International Group Inc may pursue a lawsuit accusing...

    Tags: Credit Ratings, Banking, Insurance, Mortgages, Federal Reserve

  8. May 7, 2013 |Story| Los Angeles Times
  9. BofA settles another mortgage lawsuit but is facing a new one

    NEW YORK — As Bank of America Corp. pulls itself free from a swamp of mortgage liabilities, new troubles keep threatening to suck it back under. BofA agreed to settle a big insurer's claims over faulty mortgage bonds for $1.7 billion Monday. But...

    Tags: Lobbying, Kamala D. Harris, Citigroup Incorporated, Manhattan (New York City), Insurance

  10. May 2, 2013 |Story| Reuters
  11. CORRECTED-Flagstar to pay $110 mln to settle MBIA mortgage lawsuit

    Reuters
    (Corrects paragraph 9 to clarify that the money will be used to partially pay down a secured loan) By Nate Raymond NEW YORK, May 2 (Reuters) - Flagstar Bancorp Inc said Thursday it would pay $110 million to settle a lawsuit by MBIA Inc accusing the...

    Tags: Insurance, Manhattan (New York City), Assured Guaranty Limited, Laws, Mortgages

  12. Apr 29, 2013 |Story| Reuters
  13. U.S. judge questions fraud statute's use against Bank of America

    Reuters
    By Nate Raymond NEW YORK, April 29 (Reuters) - A Manhattan judge indicated Monday he was "troubled" by how the U.S. government applied a rarely used law in a suit against Bank of America Corp over the sale of toxic mortgages to Fannie Mae and Freddie...

    Tags: Lawyers, Banking, Wells Fargo & Co., Bank of New York Company, Manhattan (New York City)

  14. Apr 29, 2013 |Story| Reuters
  15. MBIA can continue its fraud case against Bank of America

    Reuters
    By Karen Freifeld NEW YORK, April 29 (Reuters) - Bond insurer MBIA Inc may pursue its case against Bank of America Corp over toxic mortgage-backed securities packaged by Countrywide Financial Corp. In decisions made public Monday, New York State Supreme...

    Tags: Bank of America Corp., York (York, Pennsylvania), Banking, Economy, Business and Finance, Prices

  16. Apr 18, 2013 |Story| Baltimore Sun
  17. Labor nominee Perez faces sharp questions from GOP senators

    Thomas E. Perez, the former Maryland labor secretary nominated to lead the U.S. Department of Labor, faced pointed questions at his Senate confirmation hearing Thursday about whether politics influenced his decisions as the top civil rights attorney in the U.S. Justice Department.
    Thomas E. Perez, the former Maryland labor secretary nominated to lead the U.S. Department of Labor, faced pointed questions at his Senate confirmation hearing Thursday about whether politics influenced his decisions as the top civil rights attorney in...

    Tags: The New York Times, Minority Groups, Barbara A. Mikulski, David Vitter, Politics

  18. Apr 17, 2013 |Story| Hartford Courant
  19. BofA Profit Misses Estimates As Revenue Falls

    Bank of America Corp., parent of Connecticut's largest bank, reported a lower-than-expected first-quarter profit and its revenue fell, sending the No. 2 U.S. bank's shares down 3 percent before the bell on Wednesday. Net income quadrupled to $2.62...

    Tags: Earnings, Bank of America Corp., Thomson Corporation, Banking, Economy, Business and Finance

  20. Apr 17, 2013 |Story| Hartford Courant
  21. BofA's Countrywide In Record $500M Mortgage Settlement

    Bank of America Corp. has reached a record $500 million settlement with investors who claimed they were misled by its Countrywide unit into buying risky mortgage debt. The settlement is the largest to resolve federal class-action litigation over...

    Tags: Banking, Manhattan (New York City), Freddie Mac, Derivative Securities, Fannie Mae

  22. Apr 17, 2013 |Story| Los Angeles Times
  23. BofA quadruples its profit but disappoints investors

    Bank of America Corp. quadrupled its first-quarter profit, reducing expenses and loan losses and reporting better brokerage and investment banking results, but continued to be bogged down by its mortgage operations, disappointing investors. Trying to...

    Tags: Bank of America Corp., Real Estate, Credit Ratings, Banking, Economy, Business and Finance

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BankUnited Financial Corp. of Coral Gables, the largest...
(February 19, 2013)
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