Posts tagged as:

attorney general countrywide lawsuit

Investors Prove Countrywide Lawsuit 100% Valid

by Moe Bedard

The facts are the facts. I am not going to add much commentary to this damaging blog post because it is what it is. All I know is Angelo (Ex-Countrywide CEO) is gonna have some explaining to do to Mr.  Lewis (CEO for Now of B of A) over some egg nog and whiskey.

Here are links, facts, data and concrete [...]

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Bill Frey and his investors will be OK. But BofA may have their day…

by Moe Bedard

“Bill Frey of Greenwich Financial – Countrywide worked out an arrangement with fifteen state attorney generals for fraudulent lending practices and they’re handing the bill to bondholders. They plead guilty and they cut a deal on hundreds of thousands of fraudulent loans that they made.
I am for loan modifications, but just not based only [...]

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Investors Sue Countrywide and B of A is Surprised

by Moe Bedard

Investors filed a lawsuit in New York State Supreme Court in Manhattan on Monday over the recent predatory lending settlement that Countrywide parent, Bank of America had agreed to in October with 11 state attorney generals.

The lawsuit was filed by Greenwich Financial Services Distressed Mortgage Fund 3 LLC and QED LLC, two Connecticut limited [...]

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Countrywide & Bank of America Watch: The 11 State Attorney General Settlement in Context

by Moe Bedard

Homeowner Relief? The Recent Countrywide Settlement in Context
A recent settlement between the California Attorney Generals office, joined by 10 additional states, resulted in one of the widest reaching predatory lending settlements in US history.
Under the landmark agreement, Countrywide Financial’s new owner, Bank of America, agreed to proceed with loan modifications on nearly $8 billion [...]

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Countryfried Loans – Kernal Mozilo’s Original Recipe for Disaster

by Moe Bedard

Countryfried Loans, led by Kernel, Angelo Mozilo has been cooking more “Toxic Original Recipe Loans” then any other lender is US history. The reports that are coming out daily, confirm that yes indeed the mortgages were tainted and the majority of customers that frequented Mr. Mozilo’s establishment are dying from Toxic Loan poisoning.
Take for instance another report [...]

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