Countrywide Financial Corp

Countrywide to refund $11.5M to N.C. borrowers

PORT☆CITY☆UNDERGROUND (Free subscription) | yesterday

Two subsidiaries of Countrywide Financial Corp. have agreed to repay more than $11 million ...

Countrywide must pay back $12 million

News & Observer (Free subscription) | 11 hours ago

Mortgage lender Countrywide Financial Corp. will refund $11.5 million to 4,800 N.C. homeowners under a settlement with the state banking commissioner announced Thursday.

FDIC's Bair warns investors fighting loan changes

San Fransisco Chronicle (Free subscription) | yesterday

Investors in mortgage securities who are challenging home loan modification programs aimed at avoiding foreclosures could provoke a "backlash" from Congress, the head of the FDIC said Thursday. Sheila Bair, the chairman of the Federal Deposit Insurance Corp.,...

Countrywide issues $11.5M in N.C. refunds

The Business Journal of the Greater Triad Aera (Free subscription) | yesterday

Countrywide Financial Corp. has agreed to issue $11.5 million in cash refunds to 4,800 borrowers as part of a settlement with the N.C. Office of the Commissioner of Banks. (BAC)

Countrywide refunds $11.5M to N.C. consumers

The Los Angeles Business (Free subscription) | yesterday

Countrywide Financial Corp. has agreed to issue $11.5 million in cash refunds to 4,800 borrowers as part of a settlement with the N.C. Office of the Commissioner of Banks. (BAC)

Countrywide refunds $11.5M to N.C. consumers

The Charlotte Business Journal (Free subscription) | yesterday

Countrywide Financial Corp. has agreed to issue $11.5 million in cash refunds to 4,800 borrowers as part of a settlement with the N.C. Office of the Commissioner of Banks. (BAC)

FDIC chief Bair says investors fighting loan changes could provoke backlash from Congress

Star Tribune (Free subscription) | yesterday

Two companies that invested in mortgage-backed securities recently sued Countrywide Financial Corp. over its plans to make as much as $8.4 billion in loan modifications as part of a settlement with attorneys general in 15 states. Their lawsuit maintains that Countrywide, now owned by Bank of America Corp., sold most of the loans to trusts that turned them into securities, and that...

Countrywide Failure Aftershock

Dad29 (Free subscription) | 02/12/2008

Oh, no--it's not over yet. Not by a long shot. "Dec. 1 (Bloomberg) -- Countrywide Financial Corp. , the home lender acquired by Bank of America Corp. , was sued by Greenwich Financial Services Fund over claims an agreement to reduce payments on mortgages by $8.4 billion would hurt investors. The hedge fund claims investors will be harmed by Bank of America’s settlement, reached...

• Countrywide Sued by Fund Over $8.4 Billion Loan Deal - Market Pipeline
• And The Fraud Marches On…. - Global Financial News
• See the 4 articles on the same subject

FDIC's Bair warns investors fighting loan changes

Seattle Times (Free subscription) | yesterday

Two companies that invested in mortgage-backed securities recently sued Countrywide Financial Corp. over its plans to make as much as $8.4 billion in loan modifications as part of a settlement with attorneys general in 15 states. Their lawsuit maintains that Countrywide, now owned by Bank of America Corp., sold most of the loans to trusts that turned them into securities, and that...

• FDIC chief Bair says investors fighting loan changes could provoke backlash from Congress - Star Tribune
• FDIC's Bair warns investors fighting loan changes - Seattle Post-Intelligencer
• See the 4 articles on the same subject

FDIC's Bair warns investors fighting loan changes

Miami Herald (Free subscription) | yesterday

FDIC's Bair warns investors fighting loan changesBy MARCY GORDONAP Business WriterWASHINGTON -- Investors in mortgage securities who are challenging home loan modification programs aimed at avoiding foreclosures could provoke a "backlash" from Congress, the head of the FDIC said Thursday.Sheila Bair, the chairman of the Federal Deposit Insurance Corp., made the comments in response to a question...

FDIC's Bair warns investors fighting loan changes

Seattle Post-Intelligencer (Free subscription) | yesterday

Last updated December 4, 2008 9:55 a.m. PTFDIC's Bair warns investors fighting loan changesBy MARCY GORDONAP BUSINESS WRITERWASHINGTON -- Investors in mortgage securities who are challenging home loan modification programs aimed at avoiding foreclosures could provoke a "backlash" from Congress, the head of the FDIC said Thursday.Sheila Bair, the chairman of the Federal Deposit Insurance Corp.,...

And The Fraud Marches On….

Global Financial News (Free subscription) | 02/12/2008

Let's start with this delicious little piece of news:"Dec. 1 (Bloomberg) -- Countrywide Financial Corp., the home lender acquired by Bank of America Corp., was sued by Greenwich Financial Services Fund over claims an agreement to reduce payme...

Countrywide Sued by Fund Over $8.4 Billion Loan Deal

Market Pipeline (Free subscription) | 02/12/2008

(Bloomberg) Countrywide Financial Corp. , the home lender acquired by Bank of America Corp. , was sued by Greenwich Financial Services Fund over claims an agreement to reduce payments on mortgages by $8.4 billion would hurt investors. The hedge fund claims investors will be harmed by Bank of America’s settlement, reached on behalf of Countrywide, with 15 state attorneys general....

Report: Bond investors sue Countrywide

The Wichita Business Journal (Free subscription) | 02/12/2008

A group of bond investors is demanding that Countrywide Financial Corp. purchase mortgage loans for which it plans to reduce borrowers’ payment terms. (BAC)

• Report: Bond investors sue Countrywide - The Atlanta Business Chronicle
• Report: Bond investors sue Countrywide - The Los Angeles Business
• See the 4 articles on the same subject

Report: Bond investors sue Countrywide

The Atlanta Business Chronicle (Free subscription) | 01/12/2008

A group of bond investors is demanding that Countrywide Financial Corp. purchase mortgage loans for which it plans to reduce borrowers’ payment terms. (BAC)