More coverage of Countrywide's travails

  • Countrywide executive admits loan officers made errors

    Mortgage lender Countrywide Financial Corp., which is under investigation on allegations that it inflated certain borrowers' fees, acknowledged Tuesday that it had made errors and pledged to take steps to improve its operations. Steve Bailey, chief executive of loan administration at Calabasas-based...

  • FBI begins criminal inquiry into Countrywide

    The FBI has begun a criminal inquiry into the largest U.S. mortgage lender, Countrywide Financial Corp, for suspected securities fraud as part of investigations into the mortgage crisis, The New York Times reported in Sunday editions. Citing unnamed government officials with knowledge of the case,...

  • Bumpy road

    Bumpy road

    Angelo Mozilo, founder and former CEO of Countrywide Financial Corporation, center, is sworn in at the House Oversight and Government Reform Committee hearing on Capitol Hill in Washington, March 7, 2008, in Washington.

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