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Consumer Confidential: Countrywide deal, Chrysler recall, Exxon Mobil warning
Money & CompanyHere's your magical-mystery Monday roundup of consumer news from around the Web: --Bank of America will pay $108 million to settle charges that Countrywide Financial Corp. fleeced borrowers facing foreclosure. BofA purchased Countrywide about two years... -
Olive Avenue Confidential: Between a condo and a hard place
Like a lot of people these days, Josh Ledebur struggles to pay his mortgage. What makes this schoolteacher's story unexpected is that he's participating in a city affordable-housing program. Ledebur is asking the city to change terms of his affordable-...Tags: Property, Jack Lynch, Money and Monetary Policy, Burbank (Los Angeles, California), Mortgages
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Timeline: Christopher J. Dodd
The Hartford CourantMay 27, 1944: Born in Willimantic, the fifth of six children, to Sen. Thomas J. and Grace Murphy Dodd. 1966-68: Serves in Peace Corps in the Dominican Republic. 1968: Graduates Providence College. 1969-1975: Serves in the Army Reserve. 1970: Marries...Tags: East Haddam, Christopher Dodd, U.S. House of Representatives, U.S. Army, Democratic Party
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Ethics Panel Clears Dodd Of Breaking Rules With VIP Mortgages
The Hartford CourantThe Senate Select Committee on Ethics dismissed a complaint against U.S. Sen. Christopher J. Dodd on Friday after determining he did not break the chamber's rules on gifts when he refinanced a pair of two home mortgages in 2003. Capping a yearlong...Tags: Christopher Dodd, Education, East Haddam, Republican Party, Haddam
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'Backward' move can pay off
Like millions of Americans, Bill and Helen Bluett's greatest financial asset is their home, a Spanish-style dwelling just a quarter of a mile from the ocean in San Clemente, Calif. Selling the place and buying a cheaper one elsewhere could have brought...Tags: Banking, Retirement, Death, Loans, Los Angeles Times
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Measuring the safety of reverse loans
With an estimated 77 million Baby Boomers about to hit their golden years, the reverse-mortgage market is heating up. Not necessarily by the senior set, less than 2 percent of whom have decided to turn the equity in their homes into cash by taking out...Tags: Retirement, Death, Wells Fargo & Co., Chicago Real Estate, Washington (U.S. state)
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Lending giants offer more ways to slam it into reverse
How are Baby Boomers carrying hefty first and second mortgages going to pay them off? Millions of homeowners refinanced in the "refi boom" years of 2003-04, taking out new 15- or 30-year loans. So some Boomers in their late 50s and early 60s have big...Tags: Banking, Arizona, Retirement, Death, Chicago Real Estate
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Workers still filling 401(k) plans with company stock
On top of all the other troubles at Countrywide Financial Corp., the mortgage giant faces a lawsuit from an employee alleging that workers lost hundreds of millions of dollars in their 401(k) retirement plans by holding the company's stock. The...Tags: Hewitt Associates, Retirement, Companies and Corporations, 401K, Pension and Welfare
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Credit crunch imperils lender
Los Angeles Times Staff WritersAngelo Mozilo, chief executive of Countrywide Financial Corp., has been fond of saying that the company became America'sNo. 1 mortgage lender by being smarter than the competition. In a harangue to Wall Street analysts early last year, the combative...Tags: Companies and Corporations, Loans, Los Angeles Times, Employees, Career and Workplace
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Lenders offer help to avoid foreclosure
Los Angeles Times Staff WriterAmid mounting foreclosures, a group of major lenders Tuesday said they would offer seriously delinquent borrowers a grace period of up to 30 days to establish possible workout plans before finalizing steps to take away their homes. The initiative,...Tags: Banking, Education, Companies and Corporations, Loans, University of California, Berkeley
Jun 7, 2010
| Los Angeles Times
Jul 14, 2010
|Story| Burbank Leader
Jul 31, 2009
|Story| Hartford Courant
Aug 8, 2009
|Story| Hartford Courant
Jul 15, 2007
|Story| Chicago Tribune
Jul 15, 2007
|Story| Chicago Tribune
Jul 15, 2007
|Story| Chicago Tribune
Dec 10, 2006
|Story| Tribune Media Services
Oct 7, 2007
|Story| Chicago Tribune
Jan 6, 2008
|Story| Tribune Media Services
Aug 16, 2007
|Story| Los Angeles Times
Feb 13, 2008
|Story| Los Angeles Times
Original site for Countrywide Financial Corp. topic gallery.