Federal Court Approves $500 Million Countrywide MBS Settlement Agreement
The landmark mortgaged-back securities class action was led by the Iowa Public Employees Retirement System , represented by Cohen Milstein Sellers & Toll PLLC. In granting approval of the nation's largest MBS class action settlement, the U.S. District Court for the Central District of California, brought to a close the consolidated class action ... (more)
Dwyer: Is This the Road Map to Prosecuting Angelo Mozilo?
In the first two posts in this series, I explained how a sixth year added to the statute of limitations by the Dodd-Frank Act, along with a new prosecutorial zeal at the Justice Department, might result in reopening long-closed cases against senior bank executives, including Countrywide Financial Corp. founder Angelo Mozilo .
Bank Of America Will Continue Its Rise
Bank of America has been the best performer in the sector over the past twelve months - the stock is up over 57% and still going strong.
Dwyer: Can the Feds Prosecute Meltdown Mogul Angelo Mozilo?
In my previous post , I explained why Justice Department lawyers believe the Dodd-Frank Act gives them an extra year -- until about the summer of 2014 -- to bring criminal cases against banks and senior bankers involved in the financial crisis.
The Big Apple
High-Speed Swim Lane
Listen to Robert Emmerich introduce The Big Apple , a hit song from 1937. Music written by Bob and performed by Tommy Dorsey's Clambake Seven with Bob on piano.
Wall Street Journal
Attorneys: Ex-Countrywide Executive Shouldn't Have to Pay Civil Penalties
A former Countrywide Financial Corp. executive shouldn't have to pay civil penalties to the government after being found liable for fraud over her role in a mortgage-production program, the executive's attorneys said.
U.S. seeks $864M from BofA over loans
Federal prosecutors want Bank of America Corp. to pay about $864 million over losses incurred by the government after it bought thousands of home loans made by Countrywide Financial during the housing boom.
Northern Michigan News
US seeks $864M from BofA over Countrywide loans
Federal prosecutors want Bank of America pay about $864 million over losses incurred by the government after it bought thousands of home loans made by Countrywide Financial during the housing boom.