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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: Economy, Business and Finance, Career and Workplace, Periodicals, California, Arts and Culture
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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: Bankruptcy, Money and Monetary Policy, Economy, Business and Finance, Calabasas, Los Angeles Times
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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: Washington Mutual Inc., Foreclosures, Economy, Business and Finance, Bank of America Corp., Wells Fargo & Co.
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BofA is in talks to buy giant lender
Los Angeles Times Staff WritersIn a deal that could buttress the ailing housing market, financial titan Bank of America Corp. was deep in negotiations Thursday to buy loss-battered Countrywide Financial Corp., the biggest U.S. mortgage lender. A takeover by Bank of America would...Tags: Bankruptcy, Bank of America Corp., Charlotte, Los Angeles Times, California
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Ed McMahon Sued Over Unpaid Loans
Zap2It.comEd McMahon's financial woes have not ended. The former "Tonight Show" sidekick was sued by Westmoore Lending for not paying back loans that were taken out two years ago, reports TMZ.com. In a lawsuit filed Monday, Aug. 11, Westmoore claims that they had...Tags: Television, Entertainment, Ed McMahon, Litigation, Trials
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Panel clears bill requiring notice on mortgage rate increases
Los Angeles Times Staff WriterAs a slumping housing market threatens California's economy, state lawmakers gave a first, key approval to a bill aimed at preventing foreclosures of homes financed with sub-prime mortgages. The measure by Senate President Pro Tem Don Perata (D-Oakland)...Tags: Foreclosures, Money and Monetary Policy, Laws, Economy, Business and Finance, Los Angeles Times
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U.S. investigates Countrywide fees
Los Angeles Times Staff WriterCountrywide Financial Corp. is the target of a multi-state federal investigation aimed at determining whether the Calabasas-based lender has been levying unjustified fees on consumers going through bankruptcy. The U.S. trustee's office, the agency...Tags: Bankruptcy, Texas, Pennsylvania, Miami (Miami-Dade, Florida), Los Angeles Times
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Hillary and Arnold in the Obama administration
Today's question: Is there a role for Hillary Clinton in the White House? How about Arnold Schwarzenegger? Previously, Lilly and Weigel weighed potential Cabinet picks and discussed Rahm Emanuel's selection as chief of staff.
A step down for Clinton...Tags: Local Elections, Regional Authority, White House, U.S. Presidential Transition (2009), California
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BoA's Ken Lewis: More pain and time
Bank of America Chief Executive Ken Lewis stopped by The Times this week to discuss with editors and reporters his company's approach to the housing crisis and its takeover of troubled mortgage lender Countrywide Financial Corp. Here are some highlights....Tags: Foreclosures, Bank of America Corp., Regional Authority, Lawyers, Christopher Dodd
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Relief or a raw deal?
Today, Leonard and Thornberg debate the extent to which the government should facilitate loan modifications to prevent foreclosures. Previously, they discussed the public's reluctance to support federal assistance for troubled borrowers and regulating...Tags: Bankruptcy, Bears Stearns Cos., Foreclosures, Money and Monetary Policy, Rentals
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A new Great Depression? It's different this time
Los Angeles Times Staff WriterDysfunctional capital markets, frantic central banks, stressed-out consumers, fear and uncertainty -- all are alarming echoes of the global economic cataclysm of the 1930s. Which raises the inevitable question: Could another Great Depression be lurking...Tags: Bankruptcy, Bears Stearns Cos., Los Angeles Times, Stanford University, Career and Workplace
Dec 10, 2006
|Story| Tribune Media Services
Oct 7, 2007
|Story| Chicago Tribune
Aug 16, 2007
|Story| Los Angeles Times
Feb 13, 2008
|Story| Los Angeles Times
Jan 11, 2008
|Story| Los Angeles Times
Aug 12, 2008
|Story| Zap2It
Jan 17, 2008
|Story| Los Angeles Times
Nov 29, 2007
|Story| Los Angeles Times
Nov 12, 2008
|Story| Los Angeles Times
Jul 11, 2008
|Story| Los Angeles Times
Mar 27, 2008
|Story| Los Angeles Times
Mar 20, 2008
|Story| Los Angeles Times
Original site for Countrywide Financial Corp. topic gallery.