Countrywide

Bank of America and Countrywide's "Hustle"

Oct 23, 2013
A jury in Manahattan found Bank of America guilty of a single count of civil fraud related to defective mortgages sold by Countrywide Financial.
Posted In: Bank of America, Mortgages, Countrywide

Feds sue Bank of America over 'hustle' home loans

Oct 25, 2012
Federal prosecutors in New York are accusing the bank of defrauding the government by rushing home loans through the approval process, then selling them to Fannie Mae and Freddie Mac.
Posted In: Bank of America, Countrywide, home loans, mortgage crisis

Justice Department sues Bank of America over mortgage fraud

Oct 24, 2012
The Justice Department says Countrywide Financial -- which B of A bought in 2008 -- cranked out bad home loans without proper checks to make sure they were legit, and then sold those mortgages to Fannie Mae and Freddie Mac.
Posted In: Bank of America, Countrywide, mortgage fraud, Fannie Mae, Freddie Mac

House report links Countrywide, Congress

Jul 5, 2012
The home lender Countrywide gave preferential treatment to members of Congress, their staffs and employees of Fannie Mae in order to win influence in government, according to a long-awaited review by a House committee.
Posted In: Congress, Countrywide, Fannie Mae

Bank of America, Countrywide settle discrimination case

Dec 22, 2011
BofA's costs mount as it settles a mortgage discrimination suit against subsidiary Countrywide Financial.
Posted In: Bank of America, Countrywide, lawsuits, subprime

Mortgage settlement hikes the cost of Countrywide

Dec 22, 2011
Bank of America will pay $335 million to settle mortgage discrimination charges against Countrywide Financial.
Posted In: Bank of America, Countrywide, legal, subprime

Countrywide discrimination settlement reached

Dec 22, 2011
Countrywide was accused of steering more than 200,000 black and Hispanic borrowers into risky subprime loans during the housing bubble. But is the practice really over now?
Posted In: Countrywide, Bank of America, subprime, discrimination