Bank of America, as a corporate parent, isn?t responsible for the liabilities of Countrywide, the mortgage lender it acquired in 2008, U.S. District Judge Mariana Pfaelzer in Los Angeles said today.
Search results for countrywide
BofA Wins Dismissal From Allstate Mortgage Losses Suit Against Countrywide
Posted by mortgage 110 days ago (Editorial)
Democrat seeks GOP names on Countrywide VIP loan list
Posted by mortgage 126 days ago (Editorial)
WASHINGTON (Reuters) - The top Democratic member of a congressional oversight panel turned up the heat on its Republican chairman on Tuesday to identify the four GOP lawmakers who got special treatment in the controversial "Friends of Angelo" mortgage program run by the now-defunct Countrywide Financial Corp. ...
BofA's Countrywide to pay $335 million over bias case
Posted by mortgage 127 days ago (Editorial)
WASHINGTON (Reuters) - Bank of America Corp's Countrywide Financial unit agreed on Wednesday to pay a record $335 million to settle civil charges that it discriminated against minority homebuyers, an historic settlement for the Obama administration in the wake of the subprime mortgage morass. As the financial and housing crisis deepened in 2008, Bank of America bought Countrywide, which ...
Banks Blame Countrywide for U.K. Mortgage Losses in 97 Lawsuits
Posted by mortgage 128 days ago (Editorial)
Suninder Sandha bought his luxury apartment in Coleorton Hall, a 19th century country mansion near Leicester in central England, using a 1.2 million-pound loan ($1.86 million) from Barclays Plc in 2005.
Banks Blame Countrywide for U.K. Mortgage Losses in 97 Suits
Posted by mortgage 134 days ago (Editorial)
Suninder Sandha bought his luxury apartment in Coleorton Hall, a 19th century country mansion near Leicester in central England, using a 1.2 million-pound loan ($1.86 million) from Barclays Plc in 2005.
Will Countrywide Bring Down Bank Of America?
Posted by mortgage 141 days ago (Editorial)
By Investment Underground. In 2008, at the opening period of the global financial crisis, Bank of America ( BAC ) purchased flailing mortgage lender Countrywide for approximately $4 billion. At the time, Bank of America CEO Kenneth Lewis stated he expected the bank would earn back the $4 billion from the purchase in less than four years. So far Bank of America has paid out almost 10 times that ..
BofA Said Close to Settling Countrywide Fair-Lending Probe
Posted by mortgage 148 days ago (Editorial)
Bank of America Corp. is close to settling a U.S. Justice Department probe into whether its Countrywide Financial Corp. unit violated fair-lending practices, said two people with knowledge of the discussions.
BofA's Countrywide To Pay $335M Over Bias Case
Posted by mortgage 153 days ago (Editorial)
Bank of America Corp.'s Countrywide Financial unit agreed on Wednesday to pay a record $335 million to settle civil charges that it discriminated against minority homebuyers, an historic settlement for the Obama administration in the wake of the subprime mortgage morass.
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