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BofA to sell or close another mortgage arm, putting jobs at risk
Money & CompanyBank of America to shed mortgage arm: Bank of America Corp. has put another giant piece of the Countrywide mortgage empire on the auction block -- the correspondent lending arm, which buys closed home loans from mortgage bankers, commercial banks and... -
Countrywide bankruptcy? Bank of America keeps its options open
Money & CompanyCountrywide bankruptcy?: Asked if he would consider putting Countrywide into bankruptcy, Moynihan replied, "We look at all our options."... -
Feds: BofA improperly fired employee who exposed Countrywide fraud
Money & CompanyCountrywide whistleblower: Finding that the employee was protected by whistleblower law, the department's Occupational Safety and Health Administration ordered BofA to reinstate and pay the employee $930,000, including back wages, interest, compensatory... -
Admitted Countrywide data thief gets 8 months in prison
Money & CompanyCountrywide data theft: "In an impassioned plea to U.S. District Judge Christina A. Snyder, Rebollo expressed remorse for his actions, described his efforts to cooperate with prosecutors and told the judge he wanted to be free as soon as possible to try... -
Permanent loan mods inch forward as Obama plan draws fire
Money & CompanyPermanently modified home loans under the Obama administration's anti-foreclosure program rose by 4% to about 467,000 in September, according to a government report. But a watchdog said the program had dashed the hopes of many participating borrowers... -
Defending the Green
Change of SubjectPolitical Science professor William P. Kreml of DePaul University writes to take issue with my view of the Green Party's performance in the recent election: believe I was the largest contributor to the Rich Whitney campaign. I contributed to, and...... -
Former Sen. Chris Dodd to head Motion Picture Assn. of America
Company TownFormer Connecticut Sen. Chris Dodd, a veteran Washington insider, is Hollywood's new chief lobbyist. The Motion Picture Assn. of America said Tuesday that Dodd will become the new chief executive of the MPAA, the lobbying arm for the main studios...... -
Fed lending aided California banks of all types during crisis
Money & CompanyOn Friday, April 4, 2008, the Federal Reserve made an emergency $650-million loan to Countrywide Financial Corp. to help what was then the No. 1 home lender from running out of operating cash. The Calabasas-based high-risk mortgage specialist, which... -
Mortgage layoffs continue: this time it's BofA
Money & CompanyIn the latest round of downsizing for the incredible shrinking home-loan business, 1,500 Bank of America Corp. loan processors and underwriters will lose their jobs. The Charlotte, N.C., bank is closing half of its 200 small loan fulfillment centers... -
BofA to open more outreach centers for delinquent homeowners
Money & CompanyBank of America plans to triple the number of its assistance offices for homeowners in trouble on their mortgages, including adding seven of the new outreach centers in California. The Charlotte, N.C.-based bank has been clobbered by losses on high-risk..... -
PrimeLending to pay $2 million to settle Justice Department racial-bias case
Money & CompanyA large Texas mortgage lender with operations across much of the nation has agreed to pay $2 million to borrowers to resolve Justice Department allegations that it discriminated against African Americans from 2006 through 2009. PrimeLending, a... -
Arizona, Nevada sue Bank of America over loan modifications
Money & CompanyIn a lawsuit echoing recurring complaints about mortgage lenders, Arizona accused Bank of America Corp. of failing to implement anti-foreclosure measures it had promised in March 2009 to settle accusations that its Countrywide Financial unit had defrauded...
Aug 31, 2011
| Los Angeles Times
Sep 12, 2011
| Los Angeles Times
Sep 14, 2011
| Los Angeles Times
Sep 27, 2011
| Los Angeles Times
Oct 26, 2010
| Los Angeles Times
Nov 8, 2010
| Chicago Tribune
Mar 1, 2011
| Los Angeles Times
Apr 1, 2011
| Los Angeles Times
Apr 14, 2011
| Los Angeles Times
May 5, 2011
| Los Angeles Times
Dec 8, 2010
| Los Angeles Times
Dec 17, 2010
| Los Angeles Times
Original site for Countrywide Financial Corp. topic gallery.