Tag:
Countrywide
Latest Headlines
Latest Headlines
Bank of America still pondering Countrywide bankruptcy
In the latter half of 2011, the idea that Bank of America would push its disastrous Countrywide unit into bankruptcy court gained popularity. At various points, it seemed quite possible. Indeed, as...
MBS fallout could hit Wells Fargo, JPMorgan
Recall the controversial $8.5 billion settlement between Bank of America and a group of investors--including the likes of PIMCO, Blackrock, the Federal Reserve Bank of New York and other big
Bank of America settles fair lending charges for $335M
Bank of America's $4 billion purchase of Countrywide in July 2008 has been widely anointed one of the worst deals in corporate history. The deal has resulted in little other than legal and regulatory
Brian Moynihan speaks as stress tests loom
Bank of America CEO Brian Moynihan has perhaps the hardest job in banking. Fixing up the troubled banking giant--which is reeling from the economy and the disastrous Countrywide purchase in 2008--has
Bank of America's mortgage market share plunges
Bank of America continues to reel from its Countrywide purchase, which will likely go down as one of the worst corporate deals in modern history. One has to wonder how former CEO Ken Lewis feels
Bank of America improving post-snafu processes?
When you've purchased a mortgage company as large Countrywide, you will without a doubt take on a lot of problems. There will be mistakes, and they will be embarrassing when they make it into the
Bank of America, no successor liability for Countrywide
The bankers that put together the nitty-gritty transaction details of Bank of America's purchase of Countrywide back in 2008 deserve some credit. They structured the deal in such a way that Bank of
Anonymous unleashes Bank of America docs
As promised, the hacker organization Anonymous, which has taken an anti-Bank of America ( NYSE: BAC ) stance since the bank's controversy with WikiLeaks broke out, has released internal documents from
Whistleblower wins against Countrywide
Bank of America's Countrywide deal continues to vex it; the disgraced mortgage giant just can't stay out of the news, giving the bank's PR folks fits. The latest is that a whistleblower just won a
The legacy of Angelo Mozilo
So how will history treat Angelo Mozilo? Before the financial crisis hit home and all but destroyed his company, Countrywide, he was a candidate for sainthood. He expanded homeownership with an array
