countrywide

When a military service member is on active duty -- anywhere from Afghanistan to Ft. Benning, Ga. -- a number of regulations protect the soldier in the event that anything goes wrong in a family's personal financial life, including "rental agreements, security deposits, prepaid rent, eviction,...

Allstate is suing Bank of America and its Countrywide Financial division over Countrywide's sale of $700 million in mortgage-backed securities to the insurance giant, alleging that Countrywide knew in advance that the assets would drop in value because of a high percentage of defaults.

Bank of America challenges testimony by one of its operational leaders -- that Countrywide may have held on to homeowners' notes that it should have put into a trust. But the testimony is reinforcing fears that BofA is in big trouble.

Sworn testimony in a recently concluded mortgage case may spell big trouble for Bank of America. If what one bank employee said proves to be accurate, paperwork problems at mortgage provider Countrywide could leave Bank of America on the hook for billions.

Countrywide Financial Corp. co-founder Angelo Mozilo, along with two others, has reached a settlement agreement with the Securities and Exchange Commission related to charges of insider trading and civil fraud.

Countrywide Financial, once the nation's largest mortgage lender, has agreed to pay $600 million to settle shareholder lawsuits. It's the largest mortgage settlement to come out of the meltdown so far.

Bank of America has agreed to repay $108 million to 200,000 struggling homeowners who were overcharged fees by Countrywide mortgage services companies prior to 2008.

Branding counts. Apple (AAPL) could probably do well selling tea pots. Sharper Image is still around, but its brand is so tarnished that it could not give away many of the ultra-modern home utilities that it used to market at ridiculously high prices. The New York Times reports that AIG (AIG) is...

Although Countrywide's seemingly-impressive numbers massively enriched its executives in 2005 and 2006, the mortgage lender's notoriously lax standards are often cited as a contributor to the housing boom. Stanford L. Kurland, who was the President and Chief Operating Officer at Countrywide until...

It seems like rehashing ancient history to explore the topic of the Friends of Angelo (FOA) loans. You might recall those are the special mortgages that former Countrywide CEO Angelo Mozilo, the orange-faced Bronx butcher's son, gave to the powerful people who could help delay the day of reckoning...