Posts Tagged ‘Countrywide’

“As many as 2 million loan applicants may have had their personal information stolen, the FBI says.” Mortgage firm Countrywide, in response to alleged data breach, offers free credit monitoring | LA Times

Throwdown! Connecticut Sues Countrywide For Deceptive Lending | Consumerist

Former Countywide Employee Arrested For Stealing, Selling Customer Identities | Consumerist

Today Show: “So, Countrywide employees were coaching them to lie?” Insider: “Yes.” Ex Countrywide Manager Exposes Its Lies | Consumerist

Countrywide Is About To Foreclose On Ed McMahon | Consumerist

I was amused to read Mark Ireland’s post saying he came under fire by members of a panel on foreclosures at the recent Equal Justice Conference in Minneapolis for suggesting that mortgage loan servicers are not acting in the best interest of either consumers or lenders. I thought that was common knowledge.
Servicers make money from [...]

In an odd sort of thank-you note, Bank of American will give two top Countrywide executives, CEO Angelo Mozilo (pictured) and President David Sambol, $19 million in stocks. Bank of America took over Countrywide, the company made famous by writing loans all but guaranteed to fail. Countrywide’s loose lending habits were a significant contribution to [...]

In Part 1 and Part 3, Sarah Ludwig and Herman De Jesus discuss the foreclosure crisis in New York City. De Jesus points out that subprime loans are the only loans available in many minority neighborhoods.
Part 2 features Nerida Soto-Cuccia, an ordinary, well-educated, middle-class homeowner who landed in foreclosure as a result of a subprime [...]