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countrywide finacial

San Diego City Attorney Sues Countrywide for a “Pattern of Unlawful, Fraudulent or Unfair Predatory Real Estate Lending Practices”

by Moe Bedard

SAN DIEGO — City Attorney Mike Aguirre filed a civil complaint Wednesday against Countrywide Financial Corp. in an attempt to stop foreclosures in San Diego.

Aguirre said the suit targets subprime loans where homeowners face balloon payments after two or three years of the loan. City officials say San Diego saw 22,000 notices of foreclosure last [...]

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Countrywide CEO Steps Down, Cashes In and Leaves a Trail of Destruction

by Moe Bedard

Countrywide CEO, Angelo Mozilo is set to officially step down from his position Tuesday and hand over the keys to Bank of America. Ending a 4 decade long run where Countrywide went from a small fish start up in 1969 to the king of ther lending sea as the nations largest lenders and servicer today.
 
Angelo Mozilo went [...]

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Judge rejects Countrywide settlement

by Moe Bedard

PHILADELPHIA – A bankruptcy judge has rejected Countrywide Financial Corp.’s proposal to settle accusations that it fabricated evidence used in a bid to foreclose on a home.
Judge Thomas Agresti of the U.S. Bankruptcy Court in Pittsburgh on Tuesday dismissed the company’s request to settle a dispute with Sharon Diane Hill, a Pittsburgh area woman who [...]

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