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A new tool for enforcing fair-housing rules
The nation's fair-housing rules became clearer this month when the Department of Housing and Urban Development finalized a rule that it hopes makes it easier to determine whether a housing practice is discriminatory. The formal adoption of uniform...Tags: Consumers, Social Issues, Finance, Housing and Urban Planning, Justice System
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'Connections' ad campaign will present a humbler Bank of America
Can the ultimate too-big-to-fail bank persuade customers that it is humble? A new Bank of America Corp. ad campaign is taking on that task, with the tag line "Life's Better When We're Connected" replacing “Bank of Opportunity.” “We...
Tags: Banking, National Collegiate Athletic Association, Advertising, Bank of America Corp., Citigroup Incorporated
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Fannie Mae posts record annual profit of $17.2 billion
WASHINGTON — Taxpayer-owned Fannie Mae and Freddie Mac are back in the black, but it's unlikely to keep the nation's housing finance giants from being dismantled. Boosted by the recovery in the housing market, Fannie Mae on Tuesday reported a...
Tags: Freddie Mac, Financial and Business Services, Finance, Fannie Mae, Companies and Corporations
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BofA pays $165 million to settle mortgage claims by credit unions
In yet another home lending legal settlement, Bank of America Corp. will pay regulators $165 million related to losses that big credit unions suffered on mortgage-backed securities. The settlement, announced Tuesday, stems from efforts by the National...
Tags: Deutsche Bank AG, Trials, Finance, Justice System, Economy, Business and Finance
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Rescued Fannie Mae posts record profit as housing market rebounds
WASHINGTON -- Bailed-out Fannie Mae on Tuesday reported a record $17.2 billion profit for 2012, driven by the housing-market recovery and a big settlement with Bank of America related to soured mortgages during the subprime boom. The housing finance...
Tags: Freddie Mac, Finance, Fannie Mae, Banking, Mortgages
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Feds seek last victims of discriminatory lending
INDIANAPOLIS (AP) — Federal authorities are looking for more than 400 African-Americans and Latinos in Indiana who might be eligible to collect part of a $335 million settlement between Countrywide Financial Corp. and the Justice Department. U.S.... -
An opportunity to break free of Ticketmaster
I thought Ticketmaster was the most hated company in America, but it turns out to have had some competition for that title in recent years. It lost last year to AT&T, Bank of America, Walmart and Electronic Arts, the maker of digital games. The...
Tags: Jackson Browne, Peter G. Angelos, Ticketmaster, Walmart, Bank of America Corp.
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PennyMac, headed by former No. 2 at Countrywide, files for IPO
PennyMac Financial Services Inc., the 5-year-old mortgage company founded by former Countrywide Financial Corp. President Stanford L. Kurland, plans to go public on the New York Stock Exchange. PennyMac, which makes, buys, sells and services...Tags: Freddie Mac, Fannie Mae, Finance, U.S. Securities and Exchange Commission, Stock Market
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KB Home teams with Nationstar Mortgage to offer home buyers loans
KB Home and Nationstar Mortgage Holdings Inc. are forming a joint venture that will offer home loans to KB customers across the country, so they can shop for a house and a mortgage at the same time. Nationstar, of Lewisville, Texas, agreed last year...Tags: KB Home, Companies and Corporations, Joint Ventures, Finance, Loans
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Bank of America, Citigroup earnings disappoint investors
NEW YORK — Bank of America Corp.'s and Citigroup Inc.'s lackluster earnings led Wall Street to question how long it will take two of the country's biggest banks to emerge from the shadow of the financial crisis. While BofA's fourth-quarter...
Tags: Consumers, Trials, Financial and Business Services, Companies and Corporations, Finance
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Bank of America to pay Fannie Mae $10 billion in loan settlement
WASHINGTON -- Bank of America Corp. said Monday it had agreed to pay more than $10 billion to Fannie Mae to settle claims related to troubled mortgages sold largely by Countrywide Financial Corp. during the subprime housing boom. BofA, which acquired...
Tags: Google+, Freddie Mac, Google Inc., Financial and Business Services, Fannie Mae
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Federal regulators prepare new mortgage rules while cleaning up faulty foreclosure issues
Six years after the housing bubble burst, federal regulators are trying to restore confidence in the nation's mortgage industry while continuing to remedy past ills. On Monday, the Office of the Comptroller of the Currency announced an $8.5 billion...
Tags: Freddie Mac, Financial and Business Services, MetLife Incorporated, Fannie Mae, Finance
Feb 22, 2013
|Column| Chicago Tribune
Apr 5, 2013
|Story| Los Angeles Times
Apr 2, 2013
|Story| Los Angeles Times
Apr 2, 2013
|Story| Los Angeles Times
Apr 2, 2013
|Story| Los Angeles Times
Mar 1, 2013
|Story| AP Broadcast
Feb 25, 2013
|Column| Baltimore Sun
Feb 8, 2013
|Story| Los Angeles Times
Jan 22, 2013
|Story| Los Angeles Times
Jan 17, 2013
|Story| Los Angeles Times
Jan 7, 2013
|Story| Los Angeles Times
Jan 8, 2013
|Story| Chicago Tribune
Original site for Countrywide Financial Corp. topic gallery.