Countrywide Financial News

Of all the villains responsible for the Great Economic Wipeout, the Federal Reserve is pretty far down the list.

The swift acquittal of two Bear Stearns executives in the government's criminal case tied to the financial meltdown likely will force prosecutors to rethink the evidence they planned to present in a raft of cases that have yet to go to trial, legal experts say.

Fines and orders to forfeit illegal profits jumped to $2.4 billion in the 12 months through Sept.

The tri-county region has lost more than 30,000 jobs in the past two years, with Ventura County suffering the worst declines and Paso Robles potentially leading the way in a slow recovery.

In 2005, Barron's called him one of the 30 best CEOs in the world. Then Fortune placed his firm on its list of "Most Admired Companies". One year later, American Banker presented him with a lifetime achievement award.

As a safe harbor from insider trading liability under the SEC's Rule 10b-5, Rule 10b5-1 provides that a purchase or sale of securities will not be deemed to be on the basis of material nonpublic information if it is pursuant to a contract, instruction, or plan that was entered into before the person became aware of the information; specifies the ...

PennyMac Mortgage Investment Trust has announced a new initiative to buy new loans and packaging them into bond s by mid-2010, Bloomberg News reports.

Airvana Inc., which supplies products used by wireless operators, said Friday it will get a $39.6 million payment for outstanding invoices related to products and services it sold to Nortel Networks Inc.

The swift acquittal of two Bear Stearns executives in the government's criminal case tied to the financial meltdown likely will force prosecutors to rethink the evidence they planned to present in a raft of cases that have yet to go to trial, legal experts say.

KB Home and Countrywide Financial Corp. have been named as defendants in a Class Action suit filed on October 30th, 2009 in the US Dist.

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.