Countrywide Financial Corp.

Despite the mortgage meltdown, the blizzard of advertising for home loans continues. With the subprime market in tatters in the wake of record defaults and foreclosures, fewer pitches scream "Bad credit? No problem!" Instead, lenders struggling to remain...

Ed McMahon, the longtime sidekick to Johnny Carson on "The Tonight Show," is fighting to avoid foreclosure on his multimillion-dollar Beverly Hills estate. McMahon defaulted on $4.8 million in mortgage loans with a unit of Countrywide Financial Corp.,...

Despite a $2 billion vote of confidence from Bank of America Corp. on Wednesday, Countrywide Financial Corp.'s debt ratings are under review by Moody's Investors Service for a possible downgrade. Bank of America's purchase of convertible preferred...

Struggling to connect with their delinquent customers, a group of six major mortgage lenders are teaming with nonprofit groups to serve as go-betweens. As part of the program, borrowers who fall behind on their payments will receive notice from a...

Anxious customers jammed the phone lines and website of Countrywide Bank and crowded its branch offices to pull out their savings because of concerns about the financial problems of the mortgage lender that owns the bank. Countrywide Financial Corp., the...

Monday: -- Earnings: American Express Co.; Apollo Group Inc.; Apple Inc.; Halliburton Co.; Hasbro Inc.; Kimberly-Clark Corp.; Merck & Co.; Pactiv Corp.; PrivateBancorp Inc.; Schering-Plough Corp.; Texas Instruments Inc.; Wintrust Financial Corp.; Zebra...

Fear and panic may finally be taking their summer vacation. The mood in financial markets worldwide brightened this week, no doubt to the great relief of the major central banks, which have been trying to halt a deepening credit crunch by pumping huge...

IndyMac Bancorp Inc., a major nationwide home lender based in Pasadena, said Tuesday that it would eliminate 2,400 jobs, or 24% of its remaining workforce, in reaction to "gut-wrenching" changes in the mortgage business. The cuts are in addition to 1,...

A number of free websites provide lists of foreclosed properties for sale. Here is a sampling: Bank of America bankofamerica.reo.com/search/ Searchable by state, city, price and features; provides address and contact information. Chase mortgage.chase....

Federal regulators are being urged to investigate stock trading by Countrywide Financial Inc. Chief Executive Angelo Mozilo after disclosures that he took steps to ramp up his sales before the company's stock went into a tailspin. "While Countrywide...

The nation's No. 1 mortgage lender, Countrywide Financial Corp., is under investigation by California Atty. Gen. Jerry Brown and the attorney general's office in Illinois, the Calabasas company said Thursday. Countrywide said it had received subpoenas...

The FBI has begun a criminal inquiry into the largest U.S. mortgage lender, Countrywide Financial Corp, for suspected securities fraud as part of investigations into the mortgage crisis, The New York Times reported in Sunday editions. Citing unnamed...