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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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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
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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. 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
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Glass Lewis: Goldman shareholders should vote no on compensation
ReutersNEW 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
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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
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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
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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
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U.S. judge questions fraud statute's use against Bank of America
ReutersBy 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)
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MBIA can continue its fraud case against Bank of America
ReutersBy 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
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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...
Tags: The New York Times, Minority Groups, Barbara A. Mikulski, David Vitter, Politics
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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
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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
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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
May 17, 2013
|Column| Los Angeles Times
May 14, 2013
|Column| Los Angeles Times
May 13, 2013
|Story| Reuters
May 7, 2013
|Story| Reuters
May 7, 2013
|Story| Los Angeles Times
May 2, 2013
|Story| Reuters
Apr 29, 2013
|Story| Reuters
Apr 29, 2013
|Story| Reuters
Apr 18, 2013
|Story| Baltimore Sun
Apr 17, 2013
|Story| Hartford Courant
Apr 17, 2013
|Story| Hartford Courant
Apr 17, 2013
|Story| Los Angeles Times
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