If struggling homeowners can make trial modified mortgage payments, the next logical step, it seems, would be to make the modifications permanent. Sadly, however, this is a rare occurrence. Follow the stories of three families …
Bank of America challenges testimony by one of its operational leaders — that Countrywide may have held on to homeowners’ notes that it should have put into a trust. But the testimony is reinforcing fears that BofA is in big t…
Sworn testimony in a recently concluded mortgage case may spell big trouble for Bank of America. If what one bank employee said proves to be accurate, paperwork problems at mortgage provider Countrywide could leave Bank of Amer…
Some big investors, including Pacific Investment Management Co. and the Federal Reserve Bank of New York, want to force the largest U.S. bank, by assets, to buy back as much as $47 billion in mortgage-related bonds.
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Countrywide Financial Corp. co-founder Angelo Mozilo, along with two others, has reached a settlement agreement with the Securities and Exchange Commission related to charges of insider trading and civil fraud.
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