Archive for Countrywide Home Loans
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WE ARE NOT DEADBEATS!
Contributed by an American homeowner. A woman, mother and wife who is suffering in what was supposed to be her American dream…………………………………….
From the movie: The Terminator
Kyle Reese: Listen. And understand. That terminator is out there. It can’t be bargained with. It can’t be reasoned with. It doesn’t feel pity, or remorse, or fear. And it absolutely [...]
Popularity: 2% [?]
Are You Countrywide Home Loans & KB Homes Client?
If you have a mortgage with Countrywide Home Loans and are in a KB home tract where Countrywide was the preferred lender, then please contact me right away.
You may have legal rights that were violated and may be eligible for mortgage relief. Please contact me here and I will contact you ASAP with possible [...]
Popularity: 3% [?]
States’ Countrywide lawsuits shift to federal court
SPRINGFIELD, Ill. (Legal Newsline)-Illinois Attorney General Lisa Madigan says its lawsuit against Countrywide Financial Corp. should not be lumped with others filed by California Attorney General Jerry Brown and San Diego City Attorney Mark Aguirre, as the lender requested.
The Illinois attorney general’s office confirmed on Friday that its legal team will join Aguirre and, presumably [...]
Popularity: 4% [?]
Countrywide is trying to kill me
By a Countrywide Home Loans Client, American homeowner and mother, Shauna.
I am a little nervous, as this is my first time posting….here is my story. Due to my 3 year engagement ending in Jan 08 and me assuming by ex-fiancé’s portion of the bills which included an additional car note (I have since returned the [...]
Popularity: 33% [?]
Judge Rejects Countrywide Settlement
A federal bankruptcy judge has rejected a settlement involving the Countrywide Financial Corporation, the mortgage lender, saying he was not convinced that it was fair to nearly 300 borrowers who claimed to have been hurt by the company’s abusive practices.
The settlement called for Countrywide, acquired by Bank of America last month, to pay $325,000 to [...]
Popularity: 31% [?]
Countrywide pact challenged by Justice Dept
NEW YORK (Reuters) - The U.S. Justice Department has challenged an agreement that Countrywide Financial Corp reached in a bankruptcy court in Pittsburgh, saying it would make it harder to investigate and sue the mortgage lending giant.
Last month, Countrywide agreed to pay $325,000 to the Chapter 13 bankruptcy trustee in Pittsburgh, Ronda Winnecour, to cover [...]
Popularity: 6% [?]
Lenders & Servicers Are Overwhelmed
NACA Durren Duarte - As for why it’s taking so long, the lender/servicers are overwhelmed. When you send lenders thousands of proposals, they get backed up, and it takes them longer to respond. Also, many of the lender/servicers who promised to be in their offices working on cases from the event Sunday, July 20th, did not show [...]
Popularity: 9% [?]
CA Attorney General Urged to Seek Injunction Halting Foreclosure on Deceptive Countrywide Mortgages
The California Reinvestment Coalition and the Greenlining Institute today sent an urgent letter to California Attorney General Jerry Brown urging him to take immediate action against Countrywide Financial/Bank of America. The community groups are asking Brown to secure a foreclosure moratorium on mortgages that fit the profile of the deceptive loans and practices cited in [...]
Popularity: 51% [?]
US Attorney - Countrywide Home Loan Employee Arrested For Selling IDs of Loan Customers
LAWFUEL - Legal Newswire - Two men were arrested today on charges related to the illegal access of computers containing personal identification information of Countrywide Home Loan customers and the illegal sale of the data, announced Salvador Hernandez, Assistant Director in Charge of the FBI in Los Angeles, and United States Attorney Thomas P. O’Brien.
Rene [...]
Popularity: 6% [?]
Frank calls for restructuring of the mortgage servicing industry if servicers fail to cooperate
Finally! It looks like one of the peoples representatives, Barney Frank, has got hip to the fact that servicers have been giving a lot of lip service lately to everyone. From the homeowners reaching for help and to our government who has been asking them nicely to cooperate.
Thus far, servicers have been playing by [...]
Popularity: 10% [?]
Where Are Congress’ Ethics Hearings into Countrywide’s VIP Loans?
Sweetheart mortgages given by Countrywide Financial, the nation’s biggest mortgage lender, to elected officials and government bureaucrats seem tailor-made for an ethics inquiry by Congress, especially as the country is seeing a rising tide of voter anger in this presidential election year due to the massive $300 bn bailout of the housing industry at taxpayers’ [...]
Popularity: 48% [?]
San Diego City Attorney Sues Countrywide for a “Pattern of Unlawful, Fraudulent or Unfair Predatory Real Estate Lending Practices”
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 [...]
Popularity: 6% [?]
Silence of the Lenders: Is Anyone Listening?
Loan Safe & Moe Bedard in the New York Times By Gretchen Morgenson
DAN A. BAILEY JR. was desperate when he sat down on May 19 to send an e-mail message to his mortgage lender, the Countrywide Financial Corporation, pleading, yet again, for help.
Behind on his payments and fearful of losing his home of 16 years [...]
Popularity: 13% [?]
BofA CEO Lewis On Mortgage Business And Countrywide
He is speaking to a packed house at a Town Hall Los Angeles luncheon, and I will update later with video clips and Q&A. But here are highlights from an advanced copy of the speech.
Lewis says BofA wants to help struggling homeowners stay in there homes, but admits he can’t help everyone.
“The first step [...]
Popularity: 99% [?]
IndyMac Begins Dismantling Business As It Struggles to Keep Investors’ Faith
First, Countrywide Financial Corp. went down, as the nation’s biggest mortgage lender was acquired in a rescue operation July 1 by Bank of America Corp. Now Countrywide’s offspring, IndyMac Bancorp Inc., is on the ropes.
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Florida attorney general sues lender Countrywide
Lawsuits”o” plenty are being fired at lending and servicing giant, Countrywide Financial and this is in the wake of the controversial Bank of America take over that is finally official today.
Just last week attorney generals in Illinois and California filed predatory lending lawsuits accusing Countrywide of unfair and deceptive business practices. Now, Florida has jumped on the predatory lending lawsuit [...]
Popularity: 4% [?]
Bank of America Is Firm on Countrywide Buyout
Investing in distressed assets, of course, can be extremely profitable. But Mr. Lewis’s shareholders have a right to be nervous about the deal, analysts say. As the nation’s largest home lender, Countrywide stands at the center of the mortgage storm and is being buffeted not only by woeful financial results but also by intense scrutiny [...]
Popularity: 3% [?]
Countrywide CEO Steps Down, Cashes In and Leaves a Trail of Destruction
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 [...]
Popularity: 3% [?]
Taxpayer Groups Sign Coalition Letter Opposing Dodd-Countrywide Mortgage Bailout Bill
Proposed Legislation Rewards Risky Borrowers and Banks with Hundreds of Billions of Taxpayer Dollars at Risk, Potentially Bankrupting the Federal Housing Administration
WASHINGTON–(BUSINESS WIRE)–As the Dodd-Countrywide mortgage bailout bill comes to the Senate floor this week for debate, leading taxpayer advocates stand in opposition to the legislation.
The Dodd-Countrywide bill would create $300 billion in new taxpayer [...]
Popularity: 2% [?]
Mortgage Cancer - Senators, CEO’s and Celebrities, No One is Immune
It appears that the mortgage cancer is starting to really show it’s true reach, and it’s spreading to every continent and almost every human on earth. From America to Ireland and to Japan, the tumors have spread and no one knows just how bad it’s going to get.
Screw global warming! It looks like this mortgage cancer may [...]
Popularity: 2% [?]
Senators Caught in Mortgage Fallout
When Senator Kent Conrad of North Dakota wanted a mortgage for his beach house, he turned to a Washington insider. James A. Johnson, former head of Fannie Mae, the government mortgage giant, who then put the senator in touch with Angelo Mozilo, chief executive of the mortgage lender Countrywide Financial.
The ensuing telephone call between Mr. [...]
Popularity: 2% [?]
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- JacMac … you are not ignorant … you got caught up in the “shell game” that was being promoted by several lenders to mortgage brokers (354)
- Countrywide's Mozilo Hushes Homeowner With an Unaffordable Loan Modification (208)
- Deutsche Bank Foreclosures Tossed Out of Ohio Federal Court - "They Own Nothing!" (185)
- Talk to Litton to Modify Your Loan Today (164)
- Ex- Countrywide Employee Reveals a Secret Ingredient in Mr. Mozillo's Original Toxic Loan Recipe (158)
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I can relate with this couple. I contacted WaMu in a proactive effort to get assistance during a hardship ...
disillusionedVeteran | 3Sep08 | More -
Did they change the terms of your loan to an arm? This is too risky
catan785 | 13Aug08 | More -
catan785 | 13Aug08 | More
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