Countrywide Financial News

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

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.

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

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

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

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.

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 .

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

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.

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

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.

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.

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.

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

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.

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.

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.

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

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.

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.