Countrywide Financial

News

1. 
   Bank of America, Countrywide Whistleblower Kept 3-Year Secret

   Sat, 14 Jul 2012

   led to a $1 billion settlement with Countrywide Financial 's parent, Bank of America , in February subsidiary of the subprime mortgage lender Countrywide Financial . During his time working at Countrywide , which was purchased by Bank of America
2. Countrywide Bought Influence With Cut-Rate Loans

   Thu, 5 Jul 2012

   Morning Business Memo: A house report has found Countrywide Financial , whose subprime loans helped start the foreclosure company but to help mortgage giant Fannie Mae. Countrywide 's business depended largely on Fannie, which
3. The Global Note: Afghanistan Fallout…Syria, One Year Later…"Kony 2012? Backlash…Papal Cologne

   Thu, 15 Mar 2012

   international troops should pull back from rural areas and villages to main bases and that Afghan troops should take the lead for countrywide security in 2013, a year ahead of the current target date. "Afghan security forces have the ability to keep the security
4. New Fed Task Force Subpoenas 11 in Mortgage Fraud Probe

   Fri, 27 Jan 2012

   executive at AIG Financial Products division, Joseph Cassano, federal prosecutors decided not to bring charges. Former Countrywide CEO Anthony Mozillo was fined by the SEC, but the Justice Department also declined to bring a criminal case against Mozillo
5. 
   Bank of America Posts Profit Through Chinese Bank sale

   Thu, 19 Jan 2012

   expenses," Moynihan said. The bank has dealt with a portfolio of bad mortgage loans from its acquisition of Countrywide Financial in 2008. Bank of America's consumer real estate services reported a net loss of $1.5 billion in the fourth
6. 
   GOP to Wall Street: 'Richard Cordray Sleeps with the Fishes'

   Sat, 10 Dec 2011

   to insider testimony , brokers at companies like Countrywide Financial , the largest subprime lender during the boom avoid the subprime market. But non-banks like Countrywide were making so much money that eventually virtually

Videos

1. 
   Nightline Webcast: Inside Countrywide Financial

   Thu, 20 Dec 2007

   saying something's got to be done. So countrywide which is the nation's largest lender of foreclosures in his district. So countrywide sent out letters to about a thousand of those sessions. And you'll see countrywide vice president Jerry Durham who is in

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   homeowners everybody is screaming and saying something's got to be done. So countrywide which is the nation's largest lender teamed up with the New York State senator because He was having lots of foreclosures in his district. So countrywide sent out letters to about a thousand of its customers that are in that state senator's district. And they're asking them to come in to see if they can do some kind of work out if they can lower the interest -- somehow make the payment more portables of these people can be kept in their homes. So in the peace tonight you get to -- and I'm one of those sessions. And you'll see countrywide vice president Jerry Durham who is in charge of home retention for the company. You'll hear him say that countrywide wants to do everything that -- hand but that its hands are tied actually. By those big investment banks take a look at this clip. Countrywide came up with a lot of these exotic mortgages that people are finding it hard to suspend them. We look at borrowers
2. 
   Changing of the Guard

   Fri, 11 Jan 2008

   people out there with mortgages just here countrywide . And it immediately makes you set up they won't buy the company will buy countrywide . For just over four billion dollars some aspects this company which the net countrywide which has been having a lot of difficulties

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   I think when so many people out there with mortgages just here countrywide . And it immediately makes you set up and listen because so many people have mortgages with -- what's going on. Well -- is that really the nation's largest -- servicer of mortgages it's one of the nation's largest lenders and so get people really they know the name and they see the advertisements. And when people hear her that they -- in -- there are a lot of concerns about what was going to happen to their mortgage and what happened today with Bank of America the nation's largest consumer bank. Has stepped in and said that they won't buy the company -- will buy countrywide . For just over four billion dollars so. In some aspects this company which -- the net countrywide which has been having a lot of difficulties recently. Because of this whole meltdown this whole problem that accept private borrowers have had several problems that we've -- in the mortgage market they've really been hit hard by. Think of America's stepping in will provide some stability in the hope is you know maybe make the stock markets be a little bit calmer may be help people. We'll feel that there could be some resolve to what's happening with the countrywide in mortgages and general. So I mean what is your advice people who have -- driving -- should -- be nervous should

   things probably be a lot more complicated and a lot worse if countrywide -- to go into bankruptcy and I think Americans buying. The company that that will not happen now. All right Charlie definitely
3. 
   $350 Million Fine for Countrywide

   Wed, 21 Dec 2011

   dollar settlement against the now defunct countrywide bank. Once the largest home mortgage Julian Miller bit and one of those countrywide sub prime loans it cost her her home The Justice Department said today with countrywide did was not just a violation of federal

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   our history. But the 330 million dollar settlement against the now defunct countrywide bank. Once the largest home mortgage company in America means it most the 200000 discrimination victims will get no more than a

   carrying a huge interest rate. Julian Miller bit and one of those countrywide sub prime loans it cost her her home. I just think that they just. Targeted at single. African American woman with three kids -- becoming a -- minute. The Justice Department said today with countrywide did was not -- -- -- just a violation of federal civil rights law. Many disagree -- -- find it difficult to understand. How loans -- with fraud applications forged -- applicants lied to could result in not one elite person that countrywide . Being prospect that is question a lot of people have been asking -- -- -- thanks for him.
4. 
   Bank of America Acquires Countrywide

   Fri, 11 Jan 2008

   Countrywide is a massive player in the nation's into financial trouble. In December countrywide said its loan portfolio had a record Experts have been speculating that if countrywide could not find a buyer it might have

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   Countrywide is a massive player in the nation's housing market holding millions of mortgage loans and processing the payments for more than one in five homes in the nation. Recent troubles in the credit markets pushed the giant mortgage bank into financial trouble. In December countrywide said its loan portfolio had a record number of foreclosures and delinquencies. To keep business going the company scrambled to get cash

   one of the nation's biggest banks. Experts have been speculating that if countrywide could not find a buyer it might have to file for bankruptcy. A dangerous proposition for banking regulators. Who would've had to
5. 
   French Banks Latest Headache for Global Economy, Dow Jones Plummets on Debt Concerns

   Thu, 11 Aug 2011

   America isn't unique case George that remember they still a lot of those toxic mortgages after they bought. Countrywide Financial so they're dealing with a lot of that most other banks have sold off those toxic mortgage app that. And of

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   remember they still a lot of those toxic mortgages after they bought. Countrywide Financial so they're dealing with a lot of that most other banks have sold off those toxic mortgage app that. And of course
6. 
   More Pain Years After the Hurricane

   Wed, 19 Sep 2007

   again. This time by their mortgage company Countrywide Financial they countrywide made them an offer after the storms that was from its corporate headquarters in California. Countrywide home loans issued a press release about the

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   say they are being victimized again. This time by their mortgage company Countrywide Financial they -- countrywide made them an offer after the storms that was too good to pass up but now they wish they had. Brian Ross investigates. In the wake of hurricanes Katrina and read there was a little good news in the country's largest mortgage. Thousands of devastated homeowners including Chad and Rebecca good. We're told they wouldn't have to make mortgage payments for three to six months we thought that the grad in Manhattan -- be a big help from its corporate headquarters in California. Countrywide home loans issued a press release about the offer and put it in writing to homeowners even adding laid charges will not
7. 
   Fighting Foreclosure

   Thu, 23 Aug 2007

   Angelo Mozilo the CEO of Countrywide Financial said the housing problems could situation is not getting better. Countrywide and other big lenders already adjustable rate mortgage from countrywide . She knew the monthly payments

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   head of the country's biggest mortgage lender. Angelo Mozilo the CEO of Countrywide Financial said the housing problems could push the US economy into a recession. And that the situation is not getting better. Countrywide and other big lenders already face an outcry of criticism for making millions of risky loans. The question now what can be