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Defending the Green
Change of SubjectPolitical Science professor William P. Kreml of DePaul University writes to take issue with my view of the Green Party's performance in the recent election: believe I was the largest contributor to the Rich Whitney campaign. I contributed to, and...... -
Former Sen. Chris Dodd to head Motion Picture Assn. of America
Company TownFormer Connecticut Sen. Chris Dodd, a veteran Washington insider, is Hollywood's new chief lobbyist. The Motion Picture Assn. of America said Tuesday that Dodd will become the new chief executive of the MPAA, the lobbying arm for the main studios...... -
Fed lending aided California banks of all types during crisis
Money & CompanyOn Friday, April 4, 2008, the Federal Reserve made an emergency $650-million loan to Countrywide Financial Corp. to help what was then the No. 1 home lender from running out of operating cash. The Calabasas-based high-risk mortgage specialist, which... -
Mortgage layoffs continue: this time it's BofA
Money & CompanyIn the latest round of downsizing for the incredible shrinking home-loan business, 1,500 Bank of America Corp. loan processors and underwriters will lose their jobs. The Charlotte, N.C., bank is closing half of its 200 small loan fulfillment centers... -
BofA to open more outreach centers for delinquent homeowners
Money & CompanyBank of America plans to triple the number of its assistance offices for homeowners in trouble on their mortgages, including adding seven of the new outreach centers in California. The Charlotte, N.C.-based bank has been clobbered by losses on high-risk..... -
PrimeLending to pay $2 million to settle Justice Department racial-bias case
Money & CompanyA large Texas mortgage lender with operations across much of the nation has agreed to pay $2 million to borrowers to resolve Justice Department allegations that it discriminated against African Americans from 2006 through 2009. PrimeLending, a... -
Arizona, Nevada sue Bank of America over loan modifications
Money & CompanyIn a lawsuit echoing recurring complaints about mortgage lenders, Arizona accused Bank of America Corp. of failing to implement anti-foreclosure measures it had promised in March 2009 to settle accusations that its Countrywide Financial unit had defrauded... -
FDIC sues O.C. lender over mortgages sold to IndyMac [Updated]
Money & CompanyThe battle over who gets stuck with the tab for millions of soured home loans has produced some eye-popping numbers of late, including Allstate Corp.'s lawsuit seeking to recover losses on $700 million in Countrywide Financial Corp. mortgage-backed... -
Fannie, Freddie win $3.3-billion settlement from BofA, Ally over dud mortgages
Money & CompanyBank of America Corp. and Ally Financial Inc. have agreed to pay a combined $3.3 billion to settle remaining demands that they repurchase soured mortgages from Fannie Mae and Freddie Mac, the giant home-loan buyers that wound up wards of...... -
Rep. Maxine Waters asks if BofA deal with Fannie and Freddie was 'backdoor bailout' [Updated]
Money & CompanyRep. Maxine Waters is questioning whether Bank of America's $2.8-billion settlement with Fannie Mae and Freddie Mac this week was a little too sweet -- even "a backdoor bailout" by the government, as Waters (D-Los Angeles), a longtime member of...... -
Florida attorney general slams banks' foreclosure practices
Money & CompanyFlorida Atty. Gen. Pam Bondi's office has released a highly critical PowerPoint presentation explaining the legal issues surrounding the foreclosure fracas that erupted late last year. See the full report here. Titled "Unfair, Deceptive and Unconscionable... -
California settles with Countrywide executives
Money & CompanyCalifornia has reached a $6.5-million settlement with two former Countrywide Financial Corp. executives that the state had accused of predatory lending. The state will create a foreclosure relief fund for troubled borrowers with part of the money,...
Nov 8, 2010
| Chicago Tribune
Mar 1, 2011
| Los Angeles Times
Apr 1, 2011
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Apr 14, 2011
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May 5, 2011
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Dec 8, 2010
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Dec 29, 2010
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| Los Angeles Times
Original site for Countrywide Financial Corp. topic gallery.