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Countrywide Financial Corp.

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

Top Countrywide Financial Corp. Articles

Displaying items 34-44
  • Bank of America expected to settle discriminatory lending claims

     
    The Justice Department is expected to announce Wednesday a settlement with Bank of America Corp. that resolves accusations that its Countrywide Financial unit engaged in discriminatory mortgage-lending practices, according to a person familiar with the...
  • BofA to pay $335 million to settle Countrywide mortgage bias probe

     
    The post has been updated. See below for details. Bank of America Corp. has agreed to pay $335 million to settle allegations that Countrywide Financial, which it now owns, systematically discriminated against minority home-buyers at the peak of the U.S......
  • Bank of America shares tumble again

     
    Bank of America: News of another huge mortgage lawsuit targeting Bank of America Corp., and of a hedge-fund investor dumping BofA shares, sent the bank's stock tumbling Monday. Bank of America shares fell $1.18, or 14%, to $6.99 in midday trading Monday....
  • Wells Fargo, KPMG reach $627-million settlement of lending suit

     
    The legal fallout from high-risk, boom-era mortgage lending never stops, it seems -- the latest example being Wells Fargo & Co.'s $590-million proposed settlement of a class-action lawsuit centering on controversial "Pick-a-Pay" loans issued by Oakland'...
  • B of A shares drop again, but other banking stocks rise

     
    BofA shares drop again, while other banking stocks rise...
  • BofA to cut stake in Chinese bank to raise capital

     
    Pushing ahead with its plan to raise capital, Bank of America Corp. has agreed to sell half of its investment in a Chinese bank for $8.3 billion in cash. The sale of 13.1 billion shares to a group of private investors would cut Bank of America's stake...
  • BofA to sell or close another mortgage arm, putting jobs at risk

     
    Bank of America to shed mortgage arm: Bank of America Corp. has put another giant piece of the Countrywide mortgage empire on the auction block -- the correspondent lending arm, which buys closed home loans from mortgage bankers, commercial banks and...
  • Bank of America's proposed settlement with mortgage investors comes under fire [Updated]

     
    Bank of America Corp.'s proposed $8.5-billion settlement with 22 major holders of Countrywide Financial Corp. mortgage securities came under fire in Manhattan federal court as a deadline to challenge the deal arrived. The flurry of objections Monday and...
  • Countrywide bankruptcy? Bank of America keeps its options open

     
    Countrywide bankruptcy?: Asked if he would consider putting Countrywide into bankruptcy, Moynihan replied, "We look at all our options."...
  • Feds: BofA improperly fired employee who exposed Countrywide fraud

     
    Countrywide whistleblower: Finding that the employee was protected by whistleblower law, the department's Occupational Safety and Health Administration ordered BofA to reinstate and pay the employee $930,000, including back wages, interest, compensatory...
  • Admitted Countrywide data thief gets 8 months in prison

     
    Countrywide data theft: "In an impassioned plea to U.S. District Judge Christina A. Snyder, Rebollo expressed remorse for his actions, described his efforts to cooperate with prosecutors and told the judge he wanted to be free as soon as possible to try...