Countrywide Financial

Countrywide Barred From Mortgage Lending

Crain's Chicago Business | Steve Daniels | Posted 10.16.2008 | Chicago

Read More: Mortgage Crisis, Countrywide Loands, Countrywide, Illinois Bans Countrywide Loans, Countrywide Illinois, Countrywide Financial, Chicago News

llinois' top banking regulator is barring Countrywide Home Loans Inc. from making any new mortgages in the state until his agency is convinced the len...

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One American Carmaker -- Our Best Solution?

Steve Parker | Posted 10.12.2008 | Business

Read More: Wall Street Bailout, Chrysler, Secret Service, Cars, Gas/Electric Hybrid, Ford, Home Depot, Aig, Daimler, Cerberus Capital Management, General Motors, Hybrid Cars, Countrywide Financial, Detroit, Nissan, Los Angeles Times, North America, Toyota, Gm, Mazda, Detroit Three, Washington DC, European Union, Times of London, Escape Hybrid, Altima Hybrid, Gmac, Wall Street, Mercury Mariner Hybrid, Hillary Clinton, Asian, Auto Industry, President Clinton, Business News
Steve Parker

If the Detroit Three were to merge into one company, ownership shared with the American people, it could benefit everyone; the carmakers, their dealers and their customers

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Brand Expert Scores Obama v. McCain 7 Ways

John Tepper Marlin | Posted 10.06.2008 | Politics

Read More: Lincoln Savings and Loan, Karl Rove, John McCain, New Century Financial, Countrywide Financial, Sarah Palin, Charles Keating, Breaking News, Branding, Barack Obama, Keating Five, Politics News
John Tepper Marlin

The Obama and McCain brands have been rated by branding-strategy expert Patt Cottingham of Genuine Imprints, Ltd . Her paper "Brand Obama or Brand Mc...

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Market Just Barely Good Enough To Sell Sex-Party House After All

Footnoted | Michelle Leder | Posted 07.18.2008 | Business

Read More: Sex Party, Holmes Beach, Housing Market, Sex Party House, Countrywide Financial, Housing Prices, 5601 Flotilla, Housing Crisis, Holmes Beach Sex House, Business News

On Tuesday, Countrywide's sex party house sold at auction for $475K, a substantial haircut from the $1.1 million Countrywide was in for. Keep in mind ...

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Vilified: What You Don't Know About My Brother, Angelo Mozilo

Lori Mozilo | Posted 07.17.2008 | Business

Read More: Henry Waxman, Angelo Mozilo, Countrywide, Economy, Countrywide Financial, Angelo Mozilo Sister, Business News
Lori Mozilo

When the mortgage crisis broke, there was as flurry of innuendos and allegations about Angelo and Countrywide. However, reporters are merely recycling misinformation they've gotten from each other.

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Even Sex-Party Houses Aren't Selling In This Market

Footnoted | Michelle Leder | Posted 07.14.2008 | Business

Read More: Holmes Beach, Housing Crisis, Florida Sex Party House, Holmes Beach Sex House, Countrywide Financial, Mortgage Crisis, Business News

Footnoted regulars know that I've been chronicling the fate of Countrywide's sex party house in Holmes Beach, Fl and using it as a metaphor to explain...

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Housing Prices May Still Go Lower

Washington Independent | Charles R. Morris | Posted 07.07.2008 | Business

Read More: Bank of America, Subprime Loans, Housing Crisis, Countrywide Financial, Mortgage Crisis, Business News

Financial markets have finally internalized the brutal fact that house prices still have a long way to fall. The full-year price drop in 2007 was 8.5 ...

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It's Time to Reregulate Business, Part III

Hale "Bonddad" Stewart | Posted 06.26.2008 | Business

Read More: Economy, Subprime Mortgages, Subprime Mortage Crisis, Countrywide Financial, Business News
Hale

I don't see anything inherently wrong in the pursuit of profit. However, I do see something wrong with what has happened underneath the surface of the economy over the last 7-10 years.

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Illinois To Sue Countrywide Over "Unfair And Deceptive" Mortgages

AP | CARYN ROUSSEAU | Posted 06.25.2008 | Business

Read More: Subprime Mortgage Crisis, Mortgage Crisis, Illinois, Chicago, Countrywide Lawsuit, Countrywide Financial, Business News

CHICAGO — The nation's biggest mortgage lender engaged in "unfair and deceptive" practices to get homeowners to apply for risky mortgages far be...

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Obama's Shortlist Just Got Shorter

Carol Felsenthal | Posted 06.20.2008 | Politics

Read More: Chris Dodd, David Boren and His Son Dan, Presidential Medal of Freedom, Donna Shalala, Countrywide Financial, Richard Holbrooke, Barack Obama Vice President, Vice President, Obama Vice President, Politics News
Carol Felsenthal

Chris Dodd, Donna Shalala, Richard Holbrooke, David Boren can be scratched from Obama's short list (and perhaps even his long list) for vice president and for cabinet or other high-level positions

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Inside Ed McMahon's Money Mess

Michael Lewittes | Posted 06.05.2008 | Entertainment

Read More: Mortgage Crisis, Ed McMahon, Ed McMahon Beverly Hills Home, Ed McMahon Foreclosure, Countrywide Financial, Entertainment News
Michael Lewittes

"Being Ed McMahon was an expensive proposition." A lot of cash "went to tips," noted Fisher, who recalled walking through hotels with McMahon as he would hand out money to anyone who helped him.

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Countrywide CEO Mozilo Calls Borrower's Plea For Help "Disgusting"

LA Times | Posted 05.21.2008 | Business

Read More: Daniel Bailey Jr, Angelo Mozilo, Country CEO Email, Countrywide, Countrywide Financial, Business News

Apparently clicking "reply" when he meant to hit "forward," Countrywide Financial Corp. Chairman Angelo Mozilo ignited an online furor Tuesday by desc...

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Judge: Countrywide Officers To Face Suit By Shareholders

AP | ALEX VEIGA | Posted 05.15.2008 | Business

Read More: Countrywide, Countrywide Financial, Countrywide Lawsuit, Business News

LOS ANGELES — A federal judge has ruled that a shareholder lawsuit against Countrywide Financial Corp. executives and directors should go to tri...

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Countrywide Admits To Making Errors

AP | CHRISTOPHER S. RUGABER | Posted 05.07.2008 | Business

Read More: Countrywide, Steve Bailey, Countrywide Financial, Business News

WASHINGTON — Mortgage lender Countrywide Financial Corp., which is under investigation for inflating certain borrowers' fees, acknowledged Tuesd...

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Countrywide Loses $893 Million In First Quarter

AP | ALEX VEIGA | Posted 04.29.2008 | Business

Read More: Countrywide Financial, Business News

LOS ANGELES — Countrywide Financial Corp. said Tuesday it lost $893 million in the first quarter, as rising loan defaults amid a deepening housi...

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Countrywide CEO Earned $132 Million In 2007

AP | Posted 04.25.2008 | Business

Read More: Countrywide, Angelo Mozilo, Angelo Mozilo Pay, Countrywide Financial, Business News

CALABASAS, Calif. — A securities filing shows Countrywide Financial Corp. CEO Angelo Mozilo earned about $10.8 million in total compensation and...

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Countrywide Reportedly Under FBI Investigation

CNN | Posted 03.08.2008 | Business

Read More: Countrywide Financial Lending, FBI and Countrywide, Angelo Mozilo, Countrywide, Countrywide Investigation, Countrywide Financial, Business News

The FBI has launched an investigation into the lending practices of battered home lender Countrywide Financial Corp., according to a report in The Wal...

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CEOs Defend Their High Pay on Hill

AP | JIM ABRAMS | Posted 03.07.2008 | Business

Read More: Citigroup, Merrill Lynch, Subprime Mortgage Crisis, Committee on Oversight and Government Reform, Stanley O'Neal, Stan O'Neal, Charles Prince, Chuck Prince, Angelo Mozilo, Countrywide Financial, Bank of America, Writedowns, Mortgages Lenders, Henry Waxman, Business News

WASHINGTON — Three corporate executives called in for a shaming by Democratic lawmakers Friday defended raking in hundreds of millions of dollar...

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Countrywide to Aid More Borrowers

AP | ALEX VEIGA | Posted 02.11.2008 | Business

Read More: Countrywide, Countrywide Financial, Subprime Loans, Subprime Mortgages, Subprime Mortgage Crisis, Business News

LOS ANGELES — Countrywide Financial Corp., under pressure to help stem growing home loan defaults, says it will expand programs to help borrower...

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Countrywide Posts $422 Million Loss

AP | ALEX VEIGA | Posted 01.29.2008 | Business

Read More: Countrywide, Countrywide Financial, Quarterly Earnings, Quarterly Losses, Business News

LOS ANGELES — The $422 million loss Countrywide Financial Corp. reported Tuesday didn't appear to scare off Bank of America. "At this point, ev...

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When Will "Rescue Me" Become a New National Anthem?

Danny Schechter | Posted 01.14.2008 | Business

Read More: Bank of America, 2008 Recession, Bank of America Countrywide, Economic Recession, Countrywide Financial, Business News
Danny Schechter

A self-interested maneuver by America's biggest consumer bank is being cast in a heroic light, as the "rescue" of America's biggest mortgage company.

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Bank of America To Buy Countrywide For $4B In Stock

AP | IEVA M. AUGSTUMS | Posted 01.11.2008 | Business

Read More: Bank of America, Mortgage Lenders, Bank of America Countrywide, Countrywide Sale, Countrywide Financial, Subprime Mortgages, Subprime Mortgage Crisis, Business News

Bank of America Corp. said Friday it has agreed to buy Countrywide Financial for $4 billion in stock, a deal that both rescues the country's largest m...

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Bank Of America In Talks To Buy Countrywide

Reuters | John Poirier and Jonathan Stempel | Posted 01.10.2008 | Business

Read More: Countrywide Financial Lending, Bank of America, Countrywide, Countrywide Financial, Business News

Bank of America Corp (BAC.N: Quote, Profile, Research) is in advanced talks to buy struggling Countrywide Financial Corp (CFC.N: Quote, Profile, Rese...

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Stocks Rise On Potential Countrywide Buy

AP | Madlen Read | Posted 01.10.2008 | Business

Read More: Bank of America, Dow Jones, Countrywide, Wall Street, Countrywide Sale, Countrywide Financial, Business News

A volatile Wall Street advanced Thursday for the second day in a row, as investors found renewed confidence in a report that Bank of America Corp. is ...

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Housing: The Latest Bad News

BusinessWeek | Ben Steverman | Posted 01.09.2008 | Business

Read More: Housing Correction, Jeffrey Mezger, Subprime Mortgages, Countrywide Financial, Business News

In case you were still harboring a tiny bit of optimism about the U.S. housing sector, just take a look at a couple of headlines from Jan. 8. KB Home ...

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