Archive for countrywide predatory lending

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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 [...]

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Countrywide Accused of Selling Defective Loans

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 [...]

Popularity: 3% [?]

Mozilo says, “Screw skiing. Let’s go surfing in Florida!”

The Countrywide Crock continues. I am beginning to think this that this is all really a big joke and Mozilo is going to come out April 1st and say “April Fools Day!” Jane Wells from CNBC calls these blog posts “funny business.” I call it downright sickening.
Jane Wells of CNBC:
I’ve been hearing from sources [...]

Popularity: 1% [?]

Attention Countrywide Insiders - ABC is looking for any information on Angleo Mozilo for a TV Special

Aaron Krowne (co-owner of this and our other foreclosure sites, and ML-Implode.com) and I do whatever we can to help the media because we are the pulse on the internet in regards to the mortgage industry. The work we do daily actually assists mainstream media with insider tips and breaking news for their mortgage and [...]

Popularity: 1% [?]

Countrywide Sued Over ‘Excessive’ Fees on Defaults

It looks like another Countrywide Home Loans lawsuit has surfaced and will be one of thousands that have and will be filed against the subprime slime giant for their notorious predatory lending practices.
Reuters:
LOS ANGELES (Reuters) - Countrywide Financial Corp (CFC.N: Quote, Profile, Research) charged thousands of borrowers facing foreclosure “excessive, unreasonable” fees and expenses, according to [...]

Popularity: 20% [?]

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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
    • I am in limbo myself. Countrywide offered me a modification however the interest rate would adjust in five years. ...
      catan785 | 13Aug08 | More