Posts tagged as:

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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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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Countrywide Accused of Selling Defective Loans

by Moe Bedard

One of my long standing points of view on the mortgage and housing crisis is that, these creative loans that were invented, sold and sliced and diced over the last 3-5 years were incredibly unfair and deceptive. Defective credit instruments that were made to fail and are essentially “lemon loans.”
It looks like the Illinois Attorney [...]

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Countrywide Sued for Predatory Servicing by US Trustee

by Moe Bedard

It is about time that these lawsuits start to hit our court system. I am not a big fan of court and everyone suing each other. But what needs to be done, needs to be done and it’s all for the better. Especially against these mortgage servicing companies that are abusing homeowners and charging bogus fees.
Attention [...]

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Jane says no skiing and no surfing for Mozilo and the Countrywide gang

by Moe Bedard

Two Countrywide trips go around the outside, around the outside, around the outside. Two Countrywide trips go around the outside, around the outside. Now, dosie doe Mozilo.
Jane Wells CNBC – Countrywide Cancels Second Florida Event

Friday night Countrywide informed me that an employee sales event planned in April at an expensive Florida resort has been cancelled.
I’ve been blogging [...]

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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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Countrywide Can’t

by Moe Bedard

As many of my readers know, I am not a lender basher or a lender implode blogger. I report on the facts in regards to what lenders are doing to help homeowners who are facing foreclosure and their loss mitigation efforts.
A press release that was trumped up by Countrywide PR officials claimed that they modified [...]

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