Countrywide Financial News

PennyMac Mortgage Investment Trust , headed by former Countrywide Financial Corp.

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.

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.

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.

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.

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 ...

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.

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.

After months of partisan bickering, the chairman of the influential U.S. House oversight committee Friday said he will subpoena Countrywide Financial Corp.

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.

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.

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.

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 ...

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.

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.

Edolphus Towns at a committee hearing Wednesday. A spokeswoman said he did not get special treatment on a mortgage.

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.