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FAIR GAME: Countrywide Loses Michael Winston’s Whistle-Blower Suit
Michael Winston’s successful court battle against his former employer, Countrywide Financial, offers a glimpse into how business was conducted there during the subprime mania.
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TALKING BUSINESS: Executives Behind Financial Crisis at Little Risk of Jail Time
You’re entitled to wonder whether any executives who helped kindle the financial crisis will see jail time.
View ArticleMortgage Woes Still Stalling Bank's Revival
As big banks slowly shake off losses from the financial crisis, Bank of America provided another reminder on Friday of how hard it is to shed the legacy of the past. Bank of America, the nation's...
View ArticleBank of America Near a $8.5 Billion Deal on Mortgage Securities
Bank of America is near a deal to settle a suit by investors who bought securities that soured.
View ArticleBank of America Settles Claims Stemming From Mortgage Crisis
The charge, which will drive the company to a multibillion-dollar loss in the second quarter, is the biggest single settlement tied to the subprime mortgage boom.
View ArticleBank of America’s Mortgage Deal Questioned
The New York attorney general asked for information about the $8.5 billion settlement agreed to by Bank of America and investment firms holding soured mortgage securities.
View ArticleNew York Attorney General Moves to Block Mortgage Settlement
Bank of New York Mellon is accused of fraud in its role overseeing loan pools at the heart of an accord with Bank of America.
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A.I.G. Sues Bank of America Over Mortgage Bonds
The suit seeks to recover more than $10 billion in losses on mortgage-backed securities, claiming Bank of America and its affiliates misrepresented the quality of the underlying mortgages.
View ArticleWaiting for a New Blueprint From Bank of America
Top executives of the country’s largest bank will gather to review recommendations of a 44-member internal team that has been preparing restructuring plans since March.
View ArticleTHE BAY CITIZEN: Mortgage Settlement: Many Are Left Behind
An $8.7 billion settlement with Countrywide Financial in 2008 was supposed to help homeowners like Raul Peña. But that help has not arrived, and he is in the process of selling his house for less than...
View Article$335 Million Settlement on Countrywide Lending Bias
The Justice Department said Bank of America had agreed to a record fair-lending settlement over allegations of discriminatory practices by a mortgage subsidiary.
View ArticleCountrywide ‘V.I.P.’ Loans Linked to McKeon and Gallegly
Howard McKeon and Elton Gallegly, both Republicans from Southern California, were on a list of House members who received special loans through a Countrywide Financial program.
View ArticleEditorial: Friends of Angelo, Part 2
The House Ethics Committee should thoroughly investigate four lawmakers for receiving special mortgage loans from Countrywide Financial.
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FAIR GAME: Countrywide Ex-Executive Still Awaiting $3.8 Million Award
A former Countrywide Financial executive who won a wrongful-dismissal and retaliation case in February 2011 is still waiting for his $3.8 million award.
View ArticleThe Caucus: Members of Congress Received Preferential Treatment on Loans From...
A report released Thursday by the House oversight committee found that 12 members of Congress and staff were granted access to a V.I.P. loan program.
View ArticleDealBook: Mortgage Woes Stall Bank of America Revival
The 37 percent decline in Bank of America's earnings reflects the persistent burden of Countrywide Financial, the subprime mortgage lender it bought in 2008.
View ArticleDealBook: For Bank of America, Countrywide Bankruptcy Is Still an Option
Mounting losses at Countrywide might overwhelm Bank of America. The best strategy, the Deal Professor says, would appear to be to throw Countrywide into bankruptcy.
View ArticleDealBook: How Bondholders Would Fare in a Countrywide Bankruptcy
If Bank of America were to put Countrywide Financial in bankruptcy, bondholders would still be guaranteed to be paid.
View ArticleJustice Dept. Vow to Go After Bankers May Prove a Promise Hard to Keep
Recent investigations suggest that changes to Justice Department guidelines may not guarantee a Wall Street “perp walk.”
View ArticleMorning Agenda: Avon in Talks to Sell a Stake
Justice Dept. Promise Hard to Keep | Dewey Case Prosecutor Appeals to Common Sense | Adviser on Chinese Reverse Mergers Charged
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