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PennyMac Declines After Analyst Cites Slow Deployment of Capital for Loss
PennyMac Mortgage Investment Trust , headed by former Countrywide Financial Corp.
Los Angeles Business Journal Online -...
Mozilo Must Face SEC Fraud Case
A federal judge rejected a request by Angelo Mozilo, the former chief executive of mortgage lender Countrywide Financial Corp, to dismiss a U.S. Securities and Exchange Commission lawsuit accusing him of securities fraud and insider trading.
Bonuses are back, baby!; Dodd wants major financial overhaul; UBS...
Incentive pay on Wall Street is set to rise by about 40% as stronger financial markets collide with the political backlash over bonuses, according to a closely watched survey set to be released Thursday.
Lendera s ex-CEO must face fraud case
Countrywide Financial Corp.'s former chief executive, Angelo Mozilo, must face a Securities and Exchange Commission lawsuit alleging he misled investors about the home lender's deteriorating finances.
Ex-Countrywide Chief Mozilo Fails in Bid to Have SEC Fraud Suit Dismissed
Former Countrywide Financial Corp. Chief Executive Officer Angelo Mozilo must face a lawsuit by the U.S. Securities and Exchange Commission alleging he misled investors about the homelendera s deteriorating finances.
Last week, I announced that the House Oversight and Government Reform Committee will begin an investigation into the role of mortgage lenders in the financial crisis and the economic recession.
3rd Circuit Revives Class Action Against Countrywide Over Alleged Kickback Scheme
In a huge setback for Countrywide Financial Corp., a federal appeals court has revived a national class action brought by homebuyers who accused the lender of concocting a kickback scheme in which buyers were required to purchase mortgage insurance from one of a handful of companies that in turn took out reinsurance policies from one of ...
Investigate others in Congress with CWF loans? Not so fast!: Rick Green | CT Confidential
Chris Dodd told me that it might be a good idea for Congress to look at all its members who obtained loans through disgraced lender Countrywide Financial and its "Friends of Angelo" program.
A wide ranging congressional investigation into Countrywide Financial will dig into how the mortgage giant went about picking government officials to offer its VIP program, according to aides involved with the inquiry.
Truth meter: Dodd isn't flip floping on CW probe this time: Rick Green | CT Confidential
Republicans are trying to suggest that Sen. Dodd is suddenly flip flopping regarding an investigation into whether Countrywide Financial had a deeper and broader campaign to influence members of Congress.
U.S. House Committee To Subpoena Countrywide Records
After months of partisan bickering, the chairman of the influential U.S. House oversight committee Friday said he will subpoena Countrywide Financial Corp.
House Oversight Leader Agrees to Subpoena Documents on Mortgage Deals
After resisting for weeks, the chairman of the House oversight committee said on Friday that he would subpoena documents from the Countrywide Financial Corporation about its program to offer special mortgage deals to preferred customers - including some members of Congress.
House panel's 'Friends of Angelo' subpoena
Republicans and Democrats on the House Oversight and Government Reform Committee agreed Friday night on language for a wide-reaching subpoena of Countrywide Financiala s VIP lending program that will investigate allegations of influence peddling at all levels of government, committee aides said.
House panel's probe targets big mortgage lenders
A House panel is investigating the role of mortgage lenders in the financial crisis and is seeking information from some of the biggest U.S. companies to determine if they used deceptive practices to lure borrowers into the housing boom.
Bringing executive pay down to Earth
It's not about exacting vengeance on Wall Street; it's about stabilizing the nation's financial system We used to believe in something called "enlightened self-interest." It was a pillar of capitalism, the notion that personal success -- as reflected in skyrocketing salaries, bonuses, benefits and stock options -- fueled corporate and national ...
The BofA Ken Lewis Succession Mess
Saturday, October 17, 2009 By now, BofA's board must be lamenting the day its CEO, Ken Lewis, agreed to take federal funding.
"If you think moderate Democrats are afraid of voting for 'Obamacare,' you should see how they react to a potential vote on the Countrywide Financial loan scandal," James Freeman writes at www.opinionjournal.com. "The House oversight committee was scheduled to meet on Thursday afternoon to mark up several minor pieces of legislation.
The Vote Democrats Don't Want: Whatever you do, don't mention Countrywide.
If you think moderate Democrats are afraid of voting for ObamaCare, you should see how they react to a potential vote on the Countrywide Financial loan scandal.
Watchdog in Congress Now a Target Himself
Edolphus Towns at a committee hearing Wednesday. A spokeswoman said he did not get special treatment on a mortgage.
Bank of America Seeks to Expand Mortgage-Lending Share as Business Shrinks
Bank of America Corp., seeking to avoid a plunge in mortgage-lending profits in coming years as the business shrinks, will strive to expand its more than 20 percent market share, the head of the companya s home-loan unit said.
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