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Countrywide Financial News

News on Countrywide Financial (Ticker: CFC) continually updated from thousands of sources around the net.

9 hrs ago | KWQC-TV Davenport

Details emerge on Rep. McKeon's Countrywide loan

Documents detail the terms of a discounted mortgage loan received by U.S. Rep. Howard McKeon from the now-defunct Countrywide Financial Corp.

3 comments

Related Topix: Howard McKeon, US News, Republican, US House of Representatives, US Politics, Home, Mortgage, Personal Finance, Financial Services, Economics News, Bankruptcy, Pete Sessions

21 hrs ago | Daily Record

Accountability can be cheap

Attorney General Eric Holder said the foreclosure settlement deal would 'hold mortgage servicers accountable for abusive practices.' President Obama said the abusive practices were plainly irresponsible,and we refused to let them go unanswered.

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Related Topix: Foreclosures, Home, Mortgage, Personal Finance, Financial Services

Fri Feb 10, 2012

ConsumerAffairs.Com

Bank of America Fined $1 Billion for Mortgage Fraud

Bank of America has agreed to pay $1 billion for "fraudulently and recklessly" underwriting loans to unqualified borrowers, thereby defrauding the Federal Housing Administration .

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Related Topix: Financial Services, Home, Mortgage, Personal Finance

Mon Feb 06, 2012

Business Journal

Bank of America's mortgage chief to retire

BofA announced her retirement in an internal memo in which she said, "I have given it my all," according to the Journal .

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Related Topix: Banking, Bank of America, Financial Services, Home, Mortgage, Personal Finance, Foreclosures

Fri Feb 03, 2012

Law.com

Federal Judge Rejects Allstate's Successor Liability Claim Against BofA

Plaintiffs hoping to hold Bank of America liable for alleged fraud by its Countrywide Financial unit got some tough news on Thursday.

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Related Topix: Financial Services

Thu Feb 02, 2012

BusinessWeek

BofA Wins Dismissal From Allstate Suit Against Countrywide

Bank of America Corp. won dismissal from Allstate Corp.'s lawsuit over its alleged losses from $700 million in mortgage-backed securities purchased from Countrywide Financial Corp.

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Related Topix: Banking, Bank of America, Financial Services, Mortgage, Personal Finance

Sun Jan 29, 2012

The Huffington Post

David Coates: Republican Truth and Real Truth: GSEs and the Housing Bubble

The war of words between Mitt Romney and Newt Gingrich is no exception. The two Republican front-runners are currently telling each other carefully fabricated stories about their own pasts that cover tracks and reinvent reputations .

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Related Topix: US Politics, Ron Paul, US News, Republican, US House of Representatives, Financial Services, Newt Gingrich, Mitt Romney, Foreclosures, Mortgage, Personal Finance

Sat Jan 28, 2012

The Signal

McKeon releases terms of his loan

Trying to put to rest an issue that has dogged him for the past two weeks, U.S. Rep.

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Related Topix: Financial Services, US News, US Politics, Elijah Cummings, US House of Representatives, Democrat

Thu Jan 26, 2012

The Huffington Post

BofA Allegedly Modified Home Loans To Keep Complainers Quiet

Amidst a foreclosure crisis that saw more than 2.6 million foreclosure filings in 2011 alone, the allegations highlight an unpredictable and haphazardly-policed mortgage modification process -- the venue that struggling borrowers use to change the terms of their mortgage so they can more easily pay off debts.

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Related Topix: Home, Mortgage, Personal Finance, Financial Services, Foreclosures

The Daily Caller

House Judiciary letter warns Holder not to redistribute $335M...

Matthew Boyle is a reporter at The Daily Caller. He studied journalism at Flagler College in St.

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Related Topix: Journalism, Flagler College, St. Augustine, FL, Financial Services, Home, Mortgage, Personal Finance

Wed Jan 25, 2012

The Hill

Cummings questions Issa over removal of information in case files

The top Democrat on the House Oversight and Government Reform Committee questioned the panel's chairman on Wednesday about why he won't disclose details about lawmakers under investigation for receiving home loans through Countrywide Financial's VIP program.A In a letter sent Wednesday, Rep.

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Related Topix: US News, US Politics, Elijah Cummings, US House of Representatives, Democrat, Financial Services, Republican, Darrell Issa, Elton Gallegly, Pete Sessions

Tue Jan 24, 2012

Ventura County Star

Loan repercussions

Rep. Elton Gallegly said no one was more surprised than he when his name showed on a list of congressmen who reportedly got discounted loans under a Countrywide Financial Corp.

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Related Topix: Financial Services, Ventura County, CA

Sun Jan 22, 2012

Ventura County Star

Reports of VIP Countrywide surprised him, Gallegly says

Rep. Elton Gallegly says no one was more surprised than he when his name showed up on a list of congressmen who reportedly got discounted loans under a Countrywide Financial Corp.

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Related Topix: US Politics, US News, Republican, US House of Representatives, Elton Gallegly, Financial Services, Pete Sessions, Edolphus Towns, Democrat, Darrell Issa

Sat Jan 21, 2012

Star-Telegram.com

Look for trouble in a fund's portfolio

My wife, Susan, walked into my office recently, a mutual fund annual report in her hand and a concerned look on her face.

Comment?

Related Topix: Financial Services, Financial Markets

Fri Jan 20, 2012

SanLuisObispo.com

House panel: Prosecutor intends to take 5th

A House committee says a federal prosecutor in Arizona intends to remain silent if called for questioning in a congressional probe of a problem-plagued gun smuggling investigation.

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Related Topix: Home, Mortgage, Personal Finance, Financial Services, Pete Sessions, US Politics, US News, Republican, US House of Representatives, Darrell Issa

Wed Jan 18, 2012

Reuters

Press Digest - Wall Street Journal - Jan 18

The following were the top stories in The Wall Street Journal on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy.

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Related Topix: Startups, Yahoo!, Financial Services, US Politics, Howard McKeon, US News, Republican, US House of Representatives

Tue Jan 17, 2012

Politico

Sessions got Countrywide VIP loan

Texas Rep. Pete Sessions, a top member of the House GOP leadership, received a VIP mortgage from defunct lender Countrywide Financial Corp., making him the fourth current member of the House who has acknowledged getting a sweetheart deal.

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Related Topix: Pete Sessions, US Politics, US News, Republican, US House of Representatives, Home, Mortgage, Personal Finance, Financial Services, Howard McKeon, Elton Gallegly

BeSpacific

Mozilo Tied to Loan to Republican

Angelo Mozilo may have directed Countrywide Financial Corp. to extend preferential treatment on a 1998 loan to Republican Rep.

Comment?

Related Topix: US Politics, Howard McKeon, US News, Republican, US House of Representatives, Financial Services, Elijah Cummings, Democrat, Home, Mortgage, Personal Finance

The Hill

Top House Democrat presses Republicans for plans to investigate VIP loans

A top House Democrat is pressing Republicans to detail how they will proceed on the investigations into lawmakers who received VIP home loans from Countrywide.A Rep.

Comment?

Related Topix: US Politics, Elijah Cummings, US News, US House of Representatives, Democrat, Republican, Darrell Issa, Howard McKeon, Elton Gallegly, Financial Services

Mon Jan 16, 2012

The Huffington Post

Shaun Donovan: Discrimination Lawsuit Holds Subprime Lenders Accountable

From Ponzi schemes to health care scams to mortgage fraud, too many Americans have experienced the pain of this crisis in one form or another.

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Related Topix: Financial Services, Home, Mortgage, Personal Finance, Foreclosures

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