CountrywideFinancial
Did Warren Buffett Make a Bad Call on Bank of America?
9:00AM 12/22/2011
By Rich Smith, The Motley Fool
Company News, Investing, Berkshire Hathaway, Bank of America
When Warren Buffett announced in August that he would spend $5 billion to snap up Bank of America shares, investors cheered. Surely this must mean that we've seen the end of the bad news from America's biggest bank, right? Wrong. So did the Oracle of Omaha blunder?
Why Bank of America Will Never Be Great Again
6:30AM 11/04/2011
Bank of America did the right thing this week, nixing its notorious $5 a month debit card fee before it began. But B of A can't win, and even now, financial journalists are wondering how it will find ways to nickel and dime its way back from this week's fee retreat at the expense of its customers.
Wells Fargo, Countrywide Mortgage Settlements Give Homeowners a Bit of Relief
10:30AM 7/22/2011
Bank of America, Wells Fargo & Co, Real Estate, Credit, Banking
This week brought a bit of good news for some troubled homeowners in the form of two separate settlement activities. The FTC has begun mailing refund checks to 450,000 Countrywide customers, and Wells Fargo reached an $85 million settlement with the Fed that will provide relief to up to 10,000 customers.
The Financial Landscape: An Enormous Countrywide Settlement, and a Push by FINRA
10:00AM 6/29/2011
Investing, Bank of America, Stocks in the News, Market News, Banking
Bank of America will soon finalize an $8.5 billion agreement to settle investor claims that Countrywide sold them lousy mortgage-backed securities before the housing bust. Meanwhile, private regulator FINRA is angling to take over the watchdog role for registered investment advisers.
Countrywide Financial is now Bank of America Home Loans
2:00PM 4/29/2009
It's official: Disgraced lender Countrywide Financial has now been "re-branded" as Bank of America Home Loans. Jane Wells reports on the move and all the window dressing that Bank of America is doing to try to convince people that Bank of America Home Loans is a good company, focused on providing...
Countrywide sued for racketeering over appraisal practices
12:00PM 1/15/2009
Carol and Gregory Clark
of Washington have filed a lawsuit against Countrywide Financial accusing the company of rigging the appraisal process "in a scheme to boost profits at the expense of homeowners and independent appraisers."
soKe.flace('walletpop-countrywide', '618', '600');...
Countrywide creates fake evidence in foreclosure case
1:43PM 1/09/2008
Foreclosures seem to be on the rise, but mortgage companies don't always get a slam dunk when it comes to taking your home from you. In order to foreclose, they've got to have their paperwork in order, something that's not always a given. With mortgages being sold over and over, sometimes companies...
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